City
Epaper

MSME sector added jobs after demonetization: Govt data

By IANS | Updated: November 21, 2019 23:10 IST

While the Opposition has been attacking the Modi government for destroying numerous jobs in the micro, small and medium enterprises (MSME) sector post demonetization, figures show that 4-5 lakh jobs have been added annually for the past three years.

Open in App

This information was given by Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises in written reply to a question in Lok Sabha on Thursday.

As per the Minister's response, under the Prime Minister's Employment Generation Programme (PMEGP), the estimated employment generated (number of persons) in micro enterprises during the years 2016-17, 2017-18 and 2018-19 has been 4.08 lakh, 3.87 lakh and 5.87 lakh, respectively.

The data shows that around 4-5 lakh jobs were created every year, even during the demonetization year and in the two years following that.

While there have been attacks on the government and there is a general impression that MSME sector has gone through pain, the data is to the effect that jobs have not been lost and there has only been some addition to jobs, although substantial.

On the same lines, the share of MSME in India's GDP has also remained more or less the same in the last three years. As reported by Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation (MOSPI), the share of MSME in All India GDP during 2015-16 and 2016-17 and 2017-18 has been 29.5 per cent and 29.3 per cent and 29.7 per cent, respectively.

Even the share in exports has remained constant. Gadkari's reply in Parliament said that as reported by Directorate General of Commercial Intelligence and Statistics (DGCIS), the share of MSME related products in total exports during 2016-17, 2017-18, 2018-19 and 2019-20 (Apr-Aug,2019) has been 49.69 per cent, 48.56 per cent, 48.10 per cent and 49.66 per cent, respectively.

( With inputs from IANS )

Tags: All IndiaNitin GadkariSmall And Medium EnterprisesCentral Statistics Office
Open in App

Related Stories

NationalVice-Presidential Election 2025: Nitin Gadkari and Mallikarjun Kharge Hand-in-Hand Video Goes Viral

NationalMumbai-Pune-Bengaluru Expressway to Cut Travel Time to Just 5 Hours, Says Nitin Gadkari

NagpurUnion Minister Nitin Gadkari Praises Jawaharlal Nehru, Mahatma Gandhi at CII's Event in Nagpur

MaharashtraMaharashtra: Man Arrested After Threatening to Bomb Nitin Gadkari's Residence In Nagpur

National“Conflicts Around World May Lead to Third World War”: Nitin Gadkari Emphasises Dialogue on Wars at Global Level

National Realted Stories

NationalTwo held in Bihar businessman murder case, search for others underway

NationalTejasvi Surya appointed chairperson of select committee on Jan Vishwas Bill, 2025

NationalChandrababu Naidu thanks PM Modi for four new KVs to Andhra Pradesh

NationalParliament announces new committee compositions; key appointments made across 24 panels

NationalBengal: CPI(M) runs record number of book stalls during Durga Puja