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Among all the sectors, micro, small and medium enterprises (MSMEs) was the largest job creator in the last four years – with growth of 13.9 per cent – and will continue to be so in the next three years, according to a survey by the Confederation of Indian Industry (CII).
The report titled ‘Survey on Jobs Creation and Outlook in MSME Sector’ said hospitality and tourism, followed by textiles and apparel, and metal products were the other top job-creating sectors in this period. Machinery parts and transport and logistics were next on the list.
Top States
Maharashtra, Gujarat and Telangana were the largest job generators.
The survey focussed on jobs creation, ease of filling up vacancies, and impact of government initiatives on jobs creation in the report.
“The survey has indeed thrown up the most promising outcomes. There is a very healthy growth in employment in the MSME segment of the industry and with the kind of disruptions and innovations that are likely to sweep through the industry in terms of new technologies and practices, our skills development front is also undergoing rapid changes,” said Chandrajit Banerjee, Director General, CII.
Govt support
However, the survey mentioned that there was a need for greater hand holding of the MSMEs which are yet to take full advantage of government initiatives, he added.
The survey that spanned over 105,347 firms, primarily in the MSME sector, was undertaken in more than 350 industrial centres in 28 States.
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