homeeconomy NewsOver 70 lakh jobs created in formal sector last year, claims Modi

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

Based on Employees Provident Fund Organisation (EPFO) data, more than 45 lakh formal jobs were created between September 2017 to April 2018.

By IANS  Aug 12, 2018 7:45:22 PM IST (Updated)


Calling the opposition claims on rising unemployment a "political gimmick", Prime Minister Narendra Modi said that over 70 lakh jobs were created in the formal sector alone in the last one year.
Based on Employees Provident Fund Organisation (EPFO) data, more than 45 lakh formal jobs were created between September 2017 to April 2018, Modi said in an email interview with Times of India published on Sunday.
"According to our study based on the EPFO data, more than 70 lakh jobs were created in the formal sector alone last year."