Motilal Oswal
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Motilal Oswal
Economy

Over 70 lakh jobs created in formal sector last year, says Narendra Modi

Updated : August 13, 2018 07:05 AM IST

Narendra Modi: Based on Employees Provident Fund Organisation (EPFO) data, more than 45 lakh formal jobs were created between September 2017 to April 2018.
Attacking the opposition, he said that rather than the so-called failure of this government to create jobs, "I believe the shortcoming lies in the absence or lack of a streamlined database of jobs. 
Modi said that informal sector accounts for around 80 percent of all jobs and creation of jobs in the formal sector has a spin-off effect on job creation in the informal sector.Modi said that informal sector accounts for around 80 percent of all jobs and creation of jobs in the formal sector has a spin-off effect on job creation in the informal sector.
Over 70 lakh jobs created in formal sector last year, says Narendra Modi
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