In a positive surprise, the Retirement fund body, Employment Provident Fund Organisation (EPFO) in its latest ‘Overall Payroll Data’ report has showed that India created 39.36 lakh new jobs in seven months period till March 2018. As per the report, total 6,13,134 new payrolls were created during March 2018 as against 5,89,034 created in the previous month, registering a growth of 4.09%.
The report showed that half of the payrolls were created in the expert service segment across all age groups, while segments like electric, mechanical or general engineering products, building and construction industry, trading & commercial establishments and textiles reported substantial job creation. The data also indicated that over half of the jobs created in organised sector were in Maharashtra, Tamil Nadu and Gujarat during the seven-month period till March 2018.
According to the data report, 6987 new jobs were created in less than 18 age group category, while 1,79,970 jobs in 18-21 age group category. Further, 22-25 and 26-28 age group witnessed 1,69,143 and 69,116 new jobs respectively in the March 2018. Besides, 29-35 and more than 35 age group category witnessed 93,930 and 93,988 new payrolls respectively in March 2018.