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

NagpurNagpur: Security Guard Arrested in Theft Attempt at Union Minister Nitin Gadkari's PA's Bungalow

NationalRatan Tata Death Anniversary: From Nitin Gadkari to Devendra Fadnavis, Politicians Pay Tribute to India’s Greatest Industrialist

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

National Realted Stories

NationalAbhishek Banerjee’s North Bengal trip to rejuvenate Trinamool facing BJP’s rising strength in region

NationalFrom door-to-door to drawing rooms: BJP leaders intensify MCD bypoll campaign across Delhi

NationalGujarat builds over 68.7 lakh toilets, strengthens rural sanitation drive

NationalPM Modi to release PM-KISAN instalment tomorrow; over 49 lakh in Gujarat to benefit

NationalBroken promise of marriage does not always amount to rape: Kerala HC