CII survey of MSMEs has good news on jobs
The Confederation of Indian Industry has conducted a survey of about 1 lakh MSMEs in the country. As per it, about 3,32,394 net jobs were created in the past 4 years in the surveyed companies. That means, the growth rate of employment creation was 3.3% in the MSME sector.
This finding was extrapolated to the total labour force in the country to arrive at the conclusion that the Indian economy created about 5.9 crore jobs in the last 4 years.
These findings are in stark contrast to the unreleased but unofficially-leaked NSSO survey and the private sector agency CMIE's survey on unemployment in the country.