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India – 814,000 net jobs created in formal sector in March (Economic Times)

22 May 2019

Net employment generation in the formal sector stood at 814,000 in March 2019, up from 788,000 in February, reports the Economic Times, citing data from the Employees' Provident Fund Organisation. The formal sector refers to work provided by licensed organisations, that is, those who are registered and pay GST. This represents approximately 6% of work in India, most of which is conducted via informal working.

During March 2019, the highest number jobs were created in the 22-25 years age group with 225,000 jobs, followed by 214,000 in the 18-21 years age bracket. Approximately 6.75 million jobs were generated in the entire 2018-19 fiscal year. The EPFO said the data is provisional as update of employee records is a continuous process and gets updated in subsequent months. The EPFO added that these estimates may include temporary employees whose contributions may not be continuous for the entire year.

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