In the second part of the interview with Swarajya, Prime Minister Narendra Modi talked about challenges in job creation and responds to the criticism on this front. (Read the previous part here)
Swarajya: We will discuss some of these issues. But the challenge No 1 is jobs. Where are the jobs? The opposition is finding traction in asking this question…
Modi: On this issue, more than a lack of jobs, the issue is a lack of data on jobs. Our opponents will naturally exploit this opportunity to paint a picture of their choice and blame us. I don’t blame our opponents for blaming us on the issue of jobs, after all no one has an accurate data on jobs. Our traditional matrix of measuring jobs is simply not good enough to measure new jobs in the new economy of New India.
Swarajya: So, how do we measure jobs? Where do we go from here?
Modi: When we look at the trends in employment in our country, we need to keep in mind that today, the interests and aspirations of our youth are diverse. For example, there are close to 3 lakh village-level entrepreneurs, who are running Common Service Centres across the country and also creating more employment. Start-ups are working as job multipliers and there are around 15,000 start-ups, which the government has helped in some way, and there will be many more operational. Aggregators of various kinds employ thousands of youth.
If we look at numbers for employment, more than 41 lakh formal jobs were created from September 2017 to April 2018 based on EPFO payroll data. According to a study based on EPFO data, more than 70 lakh jobs were created in the formal sector last year.
Now, you know that informal sector constitutes around 80 per cent of all jobs. We also know that job creation in the formal sector can have a spinoff effect on job creation in the informal sector too. If 41 lakh jobs were generated in the formal sector in eight months, how much would be the total formal plus informal sector jobs?