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Only 3.32 lakh MSME jobs created in last four years, finds CII survey

Govt. data for 2012-2015 recorded 11.54 lakh new jobs

The number of net jobs created in the Micro, Small and Medium Enterprises (MSME) sector in the last four years stood at just 3,32,394, which is 13.9% higher than the base four years ago, according to a CII survey of more than one lakh companies.

The findings for the four-year period — beginning 2015-16 — pale in comparison with that from the government’s Ministry of Micro, Small & Medium Enterprises for an earlier period, which shows 11,54,293 MSME jobs were created in the three years ended 2014-15. The survey shows just three States — Maharashtra, Gujarat, and Telangana — accounted for over 50% of the jobs created in this period (2015-16 to 2018-19). It also shows that 73% of the jobs were created by micro enterprises.

“‘Net jobs created’ is defined as recruitment, less exits,” the report said. “Out of the survey sample, 70,941 firms were responsible for this increase. On the whole, nearly two-thirds of the respondents witnessed an increase in hiring activity over the last four years, while 17% witnessed no change.”

According to the survey, micro enterprises were the largest job generators, having created 2,40,713 jobs or 73% of the net jobs created in the last four years.

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