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11/06/2022 03:16pm

Indian Industrial sector adds 5 mn jobs in Apr-May 2022: Report

image Indian Industrial sector adds 5 mn jobs in Apr-May 2022: Report

New Delhi, June 11 (KNN) The industrial sector in India has increased 5.5 million employment in the last two months, as per the Centre for Monitoring Indian Economy (CMIE).

While agriculture sector saw a fall in employment by 5.2 million and services added 6.7 million. 

“Net employment, therefore, increased this time by a relatively modest 1 million,” MD and CEO Mahesh Vyas of CMIE said. 

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“Industry and services harness labour more productively than agriculture and therefore there is reason to cheer this recent transition,” he added.

The analysis notes that within the industry, the absorption of additional labour is slightly in favour of the manufacturing industries compared to the construction sector.  (KNN Bureau)

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