12 million jobs a year created in formal sector in last 4 years: PM Modi

Admits that a lot needs to be done on the jobs front

Prime Minister Narendra Modi on Monday took on those criticising his government for reneging on the promise of creating employment, saying the formal sector alone has generated 12 million jobs in a year in the past four years.

Addressing a News18 media group event, he admitted a lot needs to be done on the work front. 

Rolling out statistics, he said 500,000 people joined the Employees’ Provident Fund (EPF) a month during September 2017-November 2018. Similarly, Employees’ State Insurance Corporation (ESIC) saw 10,000-11,000 subscribers a month during this period. 

“Even if one assumes there is 50 per cent overlap between