• MoUs signed in the four summits so far envisaged 47.95 lakh jobs, but official figures show only 2.7 lakh people have been employed in 8 years

There shouldn’t have been any unemployment in Gujarat if all the jobs proposed in the memoranda of understanding (MoUs) signed during vibrant Gujarat summits were actually created.
A close look at government figures reveal that MoUs failed to generate the envisaged jobs as only 2.7 lakh people in the state landed jobs since 2003 when the first summit was hosted as against the proposed 47,95,095 employment opportunities.

The poor conversion rate of MoUs and hence generation of employment is reflected in the figures available with Directorate of Employment and Training at Gandhinagar. As many as 17,19,099 people were employed in the private and public sectors in 1995. The figure went up to 19,40,002, including 2.87 lakh women, in 2010. This translates into a rise of 220,903 jobs.

Incidentally, in 2003 when the first summit was organised, 16,30,896 people were in jobs in private and public sectors. By 2009 the figure went up to 19,04,000. “It means that only 2,73,104 jobs have been added since the first summit and all these jobs cannot be credited to the four summits,” said an official at the Directorate of Employment and Training.

“About 50,000 people were absorbed in the private sector in the last one year. Most of these employment opportunities were in service industry like mobile telephony and banking. Big industrial houses have failed to generate significant employment for the people in the state.

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Though the IT bellwether added 14,264 new employees during the quarter under review (Q2), the exit of 6,618 of its techies resulted in net addition of 7,746, taking the total workforce to 122,468 till September 30.

On annualized and sequential basis, the attrition rate has shot up to 17.1 per cent from 10.9 per cent year ago and 15.8 per cent quarter ago.

Infosys board member and head of HRD and education and research T V Mohandas Pai, however, claimed in a statement that attrition had decreased from first quarter (April-June) when 8,859 employees were hired and 7,833 left, resulting in net addition of 1,026.

“We have seen record hiring this (second) quarter and attrition has decreased,” Pai said.

According to the company’s fact sheet, as against the present total strength of 122,468, the total number at the end of first quarter was 114,822 and year ago 105,453, with the net addition of 7,646, 1,026 and 1,548.

“Our new career architecture is showing positive results,” Pai added.

Article Courtesy of Economic Times

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