5 million jobs created in the non-farm sector in 2017: Ask Wealth Advisors

Estimates by ASK were not as rosy as what was presented by the PM

Amid debate over employment generation in India, wealth management firm ASK Wealth Advisors estimated that around five million jobs were created in the non-farm sector in 2017. 

The ASK figure is higher than the Centre for Monitoring Indian Economy’s (CMIE’s) estimate of 2 million job creations for entire economy in 2017, but lower than the estimation by Ghosh & Ghosh (State Bank of India chief economist Soumya Kanti Ghosh and Indian Institute of Management-Bangalore professor Pulak Ghosh). Based on Employees’ Provident Fund (EPF) subscribers, Ghosh & Ghosh had estimated 7 million jobs in the formal segment of the non-farm sector in