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PSU’s Generated More Jobs than Private Firms in FY18 Against Last Year

August 10, 2018

PSU’s Generated More Jobs than Private Firms in FY18 Against Last Year
The Public Sector Undertakings (PSUs) registered a higher job growth rate compared to their private counterparts in the current financial year on a year-over-year basis, a Care Ratings study said. While the former generated 8% more jobs than last year, the latter generated only 6.3% of the same. 

The highest employment growth in PSUs was observed in the logistics sector at a whopping 58% followed by the finance sector at 13%, and banking sector at 8%. However, the overall growth has declined in FY18, the study which considered the data of 700 companies said. 

Photo credit: markhillary on Visual hunt / CC BY

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