India has created 5.2 formal jobs in the last four years, that is, from F 20 to 23 as per research analysis of the Employees Provident Fund Organisation and the National Pension Scheme data. This data remember consists of both new payrolls and second payrolls. The net new payroll was €2.27 during F 5 20 to 23 or, in other words, fresh jobs adjusted for those who have rejoined or resubscribed to formal jobs. While first jobs account for 47% of the total net new payroll, second jobs or, in other words, members who exited and rejoined or resubscribed to formal jobs stood at €2.17 during the four year period. Now we spoke to group chief economic Advisor SK Gosh who said this data is encouraging and going forward. He sees stability in the formal job sector.
