MOSL: ECOSCOPE-Employment grows 2% YoY in 1QFY18; Education and health top job creators
ECOSCOPE: Employment grows 2% YoY in 1QFY18; Education and health top job creators
- Eight selected sectors (manufacturing, construction, trade, transport, accommodation & restaurant, IT/BPO, education and health), which constitute ~81% of total employment at units with 10 or more workers, added 70,000 jobs in 1QFY18 – lower than addition of 77,000 jobs in 1QFY17 and average quarterly addition of 104,000 in FY17. Total employment increased 2% YoY to 21m by end-1QFY18.
- Education and health sectors were the top job creators, adding 99,000 and 31,000 workers, respectively, in 1QFY18. The manufacturing sector reduced the size of its workforce by 87,000 in the quarter.
- With real non-farm GVA growth (excluding public administration & defense) of 5.5% in 1QFY18, employment elasticity turns out to be ~0.37x, higher than ~0.32x in FY17, but slower than average of 0.46x in the recent decade (ending FY15).
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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