Amid rising concerns about an intensifying economic slowdown and the threat of job losses in the country, an encouraging set of data from India’s largest factory database seem to have gone largely unnoticed.
The provisional Annual Survey of Industries (ASI) numbers for the fiscal year ending March 2018, released a couple of weeks ago, show that new jobs for both blue-collar and white-collar workers rose to their highest levels in half a decade in fiscal 2018. The results are based on the annual survey of more than two hundred thousand factories across the country, employing more than 15 million employees.
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After showing a sharp decline in fiscal 2013, when India was faced with a near-economic crisis, factory jobs have been rising over the past few years. The latest data confirms a slow but steady recovery in factory jobs since 2013.
Source: livemint
