2017-07-24

Employment Generation by GST: Unstarred Question in Loksabha

Employment Generation by GST

(a) whether the Government is expecting that with the roll out of Goods and Services Tax (GST) there will be generation of employment;
(b) if so, the details thereof along with the quantum of jobs, GST is expected to generate in the next one year; and
(c) the details of sectors where employment generation is likely to get a boost?


GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA
UNSTARRED QUESTION NO: 1341         ANSWERED ON: 24.07.2017

Employment Generation by GST

ADVOCATE NARENDRA KESHAV SAWAIKAR

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:-
(a) whether the Government is expecting that with the roll out of Goods and Services Tax (GST) there will be generation of employment;
(b) if so, the details thereof along with the quantum of jobs, GST is expected to generate in the next one year; and
(c) the details of sectors where employment generation is likely to get a boost?

ANSWER
MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI BANDARU DATTATREYA)

(a) to (c): According to Ministry of Finance, Goods and Services Tax (GST) has provided a significant opportunity to improve growth momentum by removing barriers to trade, business and related economic activities. The Goods and Services Tax (GST) was rolled out from 1st July, 2017 and it is too early to assess its impact on employment. As such employment levels are estimated through results of labour force surveys of National Sample Survey Office (NSSO) and establishment surveys conducted by Ministry of Statistics & Programme Implementation as well as Quarterly Quick Employment Surveys of Labour Bureau. Recently, the Government has appointed a taskforce for Improving Employment Data under the Chairpersonship of Vice Chairman, NITI Aayog to address the issue of timely, periodic and reliable data on job creation. The report has been placed in the public domain. The Ministry of Statistics & Programme Implementation under NSSO is also conducting a Periodic Labour Force Survey (PLFS) to generate quarterly estimates on employment and unemployment.

{ http://164.100.47.194/Loksabha/Questions/QResult15.aspx?qref=54479&lsno=16 }
Source: Loksabha

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