ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • AMC Sector: Growth-oriented funds lead the strong inflows in sector, says BK Securities – check key triggers
  • Q1FY23 Preview: Pharmaceutical firms likely to deliver subdued performance in domestic market, says Nirmal Bang
  • Chemical sector may report growth in operating profit both sequentially and YoY in Q1FY23 – Check details here
  • Finance Ministry empanels 12 transaction advisers for assisting in implementation of Public Private Partnership projects
  • Stock market on Monday: Market may continue its volatile trade, believes Anil Singhvi - crude, rupee movement key monitorable
Read in App
Business News » India News

Jobs crisis: These 12 large states failed on employment generation, says Crisil

The report said 12 states grew faster than nation last fiscal. The growth has not been equitable, it said, pointing out that the chasm on per capital income between low-income states and high income states has only widened.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Jobs crisis: These 12 large states failed on employment generation, says Crisil
Going by the three crucial factors of inflation, growth and fiscal deficit, Gujarat and Karnataka remained among top three performing states, it said. Representational Image, source:

Even as 12 large states grew faster than national GDP in FY18, the same has not translated into job creation, as GSDP expansion has come in from sectors which are less job-intensive, says a report. The Crisil report comes in the immediate backdrop of a report by the independent think-tank Centre for Monitoring Indian Economy which said as many as 1.1 crore jobs were lost in 2018 alone. "Growth has not quite been conducive to job creation in a majority of the states," Crisil said Monday.

It said 11 states have recorded lower growth in employment-intensive sectors such as manufacturing, construction and trade, and hotels, transport and communication services, compared with the national rate.

In Gujarat, Bihar and Haryana, growth could have been more employment generating sectors have grown the fastest, it said, adding Rajasthan, Jharkhand and Madhya Pradesh recorded the lowest growth. No wonder of these the first and the last states voted the incumbent BJP governments in the December elections.

The report said 12 states grew faster than nation last fiscal. The growth has not been equitable, it said, pointing out that the chasm on per capital income between low-income states and high income states has only widened.

Most states were found to have veered off the targets under the fiscal responsibility and budget management act, the report said, adding because of the pressure on fiscal deficit for the Centre, the states have become the engines of government spending, accounting for a bulk 65 percent of the total money spent.

Rajasthan, Jharkhand and UP topped the tally in proportion of capex in state spending in the past three years, it said. However, critical areas including health, irrigation and education did not get as much attention on spending as it ought to have been, it added.

Going by the three crucial factors of inflation, growth and fiscal deficit, Gujarat and Karnataka remained among top three performing states, it said, adding Kerala and Punjab stayed stuck in the bottom three.   

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Jobs creationemploymentGujarat
Written By: PTI
Updated: Mon, Jan 21, 2019
10:20 pm
Mumbai, PTI
RELATED NEWS
This is how Narendra Modi government is looking at creating 1 cr jobs This is how Narendra Modi government is looking at creating 1 cr jobs

LATEST NEWS

Q1FY23 Preview: Pharmaceutical firms likely to deliver subdued performance in domestic market, says Nirmal Bang -

AMC Sector: Growth-oriented funds lead the strong inflows, says BK Securities – check key triggers

YouTube's new tools to combat comment spam, account imitators

Rakesh Jhunjhunwala Stocks: Agrochemical firm Rallis India shares may surge by 23% despite pressure on margins – Here’s why?

Stocks to Buy: Vikas Sethi recommends IDFC from F&O, Indo count from Cash Market; know why?

Battery startup Log9 Materials showcases EVs for last-mile delivery at Green Vehicle Expo

Crude oil jumps nearly 3% as supply outages outweigh recession fears

Stock market on Monday: Market may continue its volatile trade, believes Anil Singhvi - crude, rupee movement key monitorable

Chemical sector may report growth in operating profit both sequentially and YoY in Q1FY23 – Check details here

Gold Price Today: Investors with short term view must book profits now; import duty hike, rupee weakness may arrest price correction, temporarily

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV