Breaking News

You are here » Indian-Commodity  :  Economy  :  India creates over 9.5 lakh new jobs in July 2018: EPFO

21-Sep2018

India creates over 9.5 lakh new jobs in July 2018: EPFO

In a positive surprise, the Retirement fund body, Employment Provident Fund Organisation (EPFO) in its latest 'Net Payroll Data' report has showed that India created 9.51 lakh new jobs in the month of July 2018. As per the report, total 9,51,423 new payrolls were created during July 2018 as against 8,57,934 created in the previous month, registering a growth of 10.90%.

The report found that the maximum jobs were created in the age bracket of 18-21 and in this bracket the top 10 sectors which have created more fresh jobs include Expert Services, Electric-Mechanical-or General Engineering Products, Trading, Building & Construction Industry, Engineer Contractors, Textiles, Garments making, establishment engaged in Manufacturing, establishment engaged in Cleaning Business and Hospitals. In the similar age bracket, Maharashtra was the first among the States to create maximum payroll, followed by Tamil Nadu, Gujarat, Karnataka, Haryana and Delhi.

According to the data report, 7,938 new jobs were created in less than 18 age group category, while 2,68,011 jobs in 18-21 age group category. Further, 22-25 age, 26-28 age, 29-35 age and more than 35 age group category witnessed 2,54,827; 1,11,864; 1,56,378  and 1,52,405 new payrolls respectively in July 2018.


Related News

View all news

India's CAD widens to 2.9% of GDP in Q2FY19 on higher trade deficit

Raising concerns over India's fiscal position, the Reserve Bank of India (RBI) in its preliminary balance of payments (BoP) data has showed that the country's current account deficit (CAD) widened to 2.9%......

Finance Ministry extends last date for filing annual GST returns till March 31

In a relief measure for trade and industry, the Finance Ministry has extended the last date for filing annual Goods and Services Tax (GST) return forms by three months until March 31, 2019.  The......

India's growth performance 'very solid' over past four years: IMF Chief Economist

Praising the fundamental economic reforms like the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC) carried out by the government, International Monetary Fund's (IMF) Chief Economist......

Top News

View all news

Arrow Greentech's arm gets approval to manufacture mouth dissolving strips

Arrow Greentech's wholly owned subsidiary (WOS) company -- Avery Pharmaceuticals, also known as Arrow Rx has received an approval for site plan to manufacture mouth dissolving strips from Food &......

Essel Propack issuing commercial papers worth Rs 50 crore

Essel Propack is issuing Commercial Papers (CPs) for Rs 50 crore on private placement basis and will have date of maturity as March 13, 2019. The CPs for Rs 50 crore with date of maturity as December 13,......

Escorts, Kubota join hands for global leadership

Escorts and Kubota Corporation have joined hands for their global joint venture (JV) to manufacture high end technology tractors for domestic and export geographies. The JV will leverage leading Japanese......