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PSU’s Generated More Jobs than Private Firms in FY18 Against Last Year
August 10, 2018
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.
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