| Job creation soars under ESIC |
| In March, employment under India's Employees' State Insurance Corporation (ESIC) experienced a notable increase, with new job creation rising by 5.79% to 1.63m, up from 1.54m in February. The Ministry of Labour and Employment reported a 33.9% rise in establishments joining ESIC, with 31,514 new units enrolled. Youth employment was a significant contributor, with 0.79m (49%) of new registrations from individuals aged 25 or younger. Female participation also improved, with 0.36m women registering. Additionally, 100 transgender employees were registered, showcasing ESIC's commitment to inclusivity. The ESIC, established under the ESI Act of 1948, provides essential social security benefits to employees earning up to Rs 21,000 a month, funded by contributions from both employees and employers. |
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