Economy

Method of calculating jobs must reflect reality: Goyal

Our Bureau New Delhi | Updated on April 05, 2019 Published on April 05, 2019

Every one has a livelihood, though everyone may not have a job. So, the method of calculating jobs should be changed to reflect reality. This was Railway Minister Piyush Goyal’s response to CII's Vinayak Chatterjee’s question on industry's concern over the authenticity of data put out by the government.

Recently, statisticians had resigned and economists had protested the government’s move to scuttle or delay publishing data regarding jobs.

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According to Goyal, a domestic help makes a living by working in multiple places, none of which is captured. For every one permanent job created, three contract jobs are being created, and data should capture that, he said.

The nature of jobs is changing as more people are working on contractual basis and one should benchmark them more on ‘livelihood creation’ compared to conventional jobs.

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He warned that doles will lead to under reporting of income and capturing authentic data on jobs would become a challenge and hinder formalisation of economy. He called on CII members to make sure that their contractors register with their employees on formal platforms like EPFO and ESIC.

Published on April 05, 2019
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