41 lakh jobs created in 8 months: Sadananda Gowda

41 lakh jobs created in 8 months: Sadananda Gowda

The Centre has created 41.26 lakh jobs in past eight months in informal sector, Minister of Statistics and Programme Implementation Sadananda Gowda on Tuesday.

The jobs were created from September 2017 to April 2018 in various sectors. These data are based on new subscriptions at EPFO, NPS and ESI, Gowda told reporters here.

The Ministry of Statistics has started collecting data of jobs creation in all sectors since the NDA Government came to power in 2014 and it will be released by end of 2018, he said.

He said the government is also collecting data on jobs generation in the informal sector.

He said the government will change the base year for calculation of GDP and retail inflation to 2017-18 and 2018 respectively, which is likely to come into effect by 2019-20.

The base year for GDP, IIP and consumer price index was last revised to 2011-12 and 2012 (for inflation).

"The revisions facilitated more accurate assessment of the progress of the economy and the society. Steps are being initiated for the next round of revision also; for GDP we would like to revise the base year to 2017-18 and for consumer retail inflation to 2018," Gowda said.

The minister sought to discredit the debate that the government has changed the GDP and CPI calculation methodologies, among others, to suit its needs. The changes were made to bring more transparency, he said.

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)