Formal job creation data for March shows that the economy was on a revival path
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The payroll data from the ministry of statistics and programme implementation, released on Tuesday, shows a higher number of jobs were created under the Employees State Insurance Corporation and the National Pension Scheme while those under Employees Provident Fund Organisation iwere at par with those created in February.
Net additions under ESIC stood at 1.23 million in December, 0.95 million in November, 1.21 million in October and 1.15 million in September. Average monthly addition under ESIC in 2019-20 stood at 1.2 million.
Higher number of formal jobs were created in the country in March despite the imposition of fresh lockdowns in several states, suggesting formal job creation in India continued to keep up the momentum.