Bhubaneswar: However the excessive sounding claims by the Odisha authorities, the most recent new payroll knowledge launched by the Employment Provident Fund Organisation (EPFO) on Monday bares the chinks in employment creation potential of Odisha.
Pattern The Acuteness in Odisha
As on the top of August this yr, Odisha has over 6.2 lakh unemployed youths, who’re fervently looking for jobs within the Covid-19 hit yr. However the hopelessness situation witnessed is the organised sector within the State that might provide new jobs to solely 32,634 seekers until the top of the month ending October this yr.
Extra shockers are to the fore. Knowledge revealed that Odisha constituted round 1.3 per cent of whole unemployed within the nation. However in relation to creation of jobs, the State may churn out a meagre 0.99 per cent of whole jobs created within the organised sector within the nation in the course of the interval between Apr-Oct 2020. The share of the State in nation’s new jobs in October this yr dropped down additional to 0.72 p.c. This reveals the tempo of job creation within the organised sector has slowed down in Odisha vis-a-vis the nation.
As per EPFO, the nation as an entire noticed a whopping 11.5 lakh new jobs within the organised sector this monetary yr for the month ending in October, however Odisha may see technology of mere 8,292 jobs in the course of the month.
For the interval of Apr-Oct this yr, EPFO knowledge reveals, Odisha noticed the variety of new jobs totalling to 32, 634, whereas the numbers for the nation as an entire stood at a whopping 32.8 lakh.
Extra so, amongst 23 main states and UTs, together with Delhi and Chandigarh, Odisha stood on the backside -10. The State figured at 6th from the underside.
Are Lockdown Job Losses Acute in Odisha?
The EPFO knowledge reveals the nation as an entire had posted widespread job losses in the course of the lockdown interval. Job shedding was so excessive that the web new EPFO enrolment turned destructive. The brand new enrolments dropped by over 2.3 lakh for the interval of Apr-Might 2020. The one comfort truth, nevertheless, is Odisha had additionally seen job losses in the course of the interval, however the State didn’t witness a dip in enrolments. This reveals the job loss in the course of the lockdown was not acute in Odisha.
Job Creation Pattern Throughout Age-Group in Odisha
Within the yr 2019-20, as per the EPFO knowledge, the overall new jobs created within the State stood at round 57,510. Whereas new jobs posted a decline within the age-group of 22-25 years within the yr 2019-20, a superb rise was witnessed within the age-group of 29-35 years.
Who Are Prime Job Creators in India?
The highest-10 main new jobs mills in nation are: Maharashtra, Tamil Nadu, Karnataka, Gujarat, Haryana, Delhi, Andhra Pradesh, Uttar Pradesh, West Bengal and Rajasthan. Odisha sits with the underside – 10. Amongst neighbouring states, solely Jharkhand fared poorer then Odisha in job creation in organised sectors.
Why Odisha Languishes In Backside?
“The MSME sector footprint is poor in Odisha. The highest -5 states (Maharashtra, Tamil Nadu, Karnataka, Gujarat and Haryana) have a vibrant MSME sector. For which, the job creation there was very excessive. The commercial coverage of Odisha is essentially tilted in the direction of capital intensive industries, which aren’t labour intensive just like the MSMEsector,” opined Ramesh Mahapatra, President Utkal Chamber of Commerce. He additional added that the MSME coverage in Tamil Nadu is very incentivised.
A Actuality Verify
As per RBI report State of Funds -2020-21, the MSME items in Odisha could be very low. The State has a meagre share of round 2 per cent of MSMEs within the nation. And in employment generated by MSMEs in Odisha, the share of the State is under 3 per cent. Odisha fares poorer than Bihar on this yardstick.
Are MSMEs Job Churners?
EPFO knowledge reveals skilled companies like banking, finance, insurance coverage and shares and so on are the most important new job mills within the nation. Different main job churners in nation are buying and selling – business institutions, electrical, mechanical or normal engineering merchandise.
“Not like Maharashtra and Gujarat, Odisha shouldn’t be a sophisticated State. Banking, finance, shares and insurance coverage sector develop in an financial system that has excessive industrial development. Odisha can’t match with Gujarat and Maharshtra. Furthermore, electrical and engineering items sectors footprint in Odisha could be very poor. Due to this fact, Odisha emerged as a loser in each methods. Had the State authorities given emphasis on meals processing industries, Odisha may then have the potential to determine in top-15 job mills,” defined Mahapatra.
Whereas the MSME minister Dibya Shankar Mishra couldn’t be reached, a senior official of the division refused to say something on report. He quipped, “We haven’t gone via the EPFO report but.”