MSMEs created 14% more jobs in last four years, claims CII survey

MUMBAI: Job creation by the micro, small and medium enterprises (MSMEs) sector saw a growth of 13.9 per cent in the past four years, claims an industry survey.

The findings are contrary to the official and other industry data which show that there was massive job losses since the note ban and GST implementation in this very sector. While private sector economic think-tank has found that as many as 13 million jobs were lost in 2018 alone, the official NSSO data show that unemployment rate touched a 46-year high in 2018.

According to a CII survey among over 1 lakh MSMEs, there has (or 3,32,394 new jobs created), over the past four years,which is a 3.3 per cent increase per annum in these four yea .. Machinery parts and transport and logistics were the next significant

The top job generating sectors were hospitality & touris .. followed by textiles & apparel and metal products, during the past 4 years