Jobs grew at medium and large companies, but at a slow pace: Study

The study, carried out by CARE Ratings, is based on annual reports of 969 medium and large companies

jobs, employment
Business Standard
1 min read Last Updated : Aug 17 2019 | 1:57 AM IST
It was not job-less growth in medium and large companies, but employment expanded at a slow pace in 2018-19 compared to 2017-18 year-on-year, a new study showed. 

Note: All sectors of the study have not been taken due to space crunch, Source: CARE Ratings
While jobs rose by 6.2 per cent in FY18 to touch 5.78 million as on March 2018, these grew by 4.3 per cent next year to touch 6.03 million at the end of FY19.

The study, carried out by CARE Ratings, is based on annual reports of 969 medium and large companies.

The current slowdown being witnessed by the consumer durables and fast-moving consumer goods is not corroborated by the study for FY19.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :EmploymentUnemployment in Indiajobs deficitJobs in IndiaIT industry jobsIndian jobsunemployment ratejob openingsformal jobs in Indiaindia jobsmanufacturing jobsjobs and employeesBank JobsJobs IndiaThe Jobs Crisis in IndiaEmployment in India

Next Story