Tourism, Healthcare, Infrastructure Have Huge Potential To Create Jobs
Delhi: Tourism, healthcare and natural infrastructure in the form of renewable energy, water and sanitation are the three key sectors that have large potential for creating jobs in India in the next few years, according to a report.
Job creation must be at the center of all policy making, according to the report, Future of Jobs in India Enterprises and Livelihoods, released by CII today.
The systems approach will accelerate wide-spread job creation as well as boost GDP growth by 2-3 per cent, the report noted.
In its absence, scenarios of enclaves of prosperity, with increasing inequality, as well as growing dissatisfaction will emerge in India, it said.
A chief focus of the report is how to develop policies for job creation, and it calls for a whole of government approach to coordinate design and implementation of policies, which is necessary for wide-spread job creation.
Discussing the findings of the report, CII President Naushad Forbes told PTI that problem lies with the quality of jobs being created in the country as a significant proportion of it belongs to the informal sector.
"India must create good quality, stable jobs that drive productivity and provide learning opportunities for workers. For this, a holistic thought process is needed that converges multiple policy sets through a systems approach to job creation," Forbes said.
The report was prepared with the participation of Department of Industrial Policy and Promotion (DIPP) and association of Boston Consulting Group.
The report was developed through a unique systems approach of problem-solving, and outlines three potential scenarios for the next 10-15 years, depending on current policies.
"We believe that strong networks of small enterprises, life-long learning systems, universal social security, and effective technology platforms can be key enablers for creating new jobs and livelihoods on a massive scale," Forbes added.
Guided by Arun Maira, former member, Planning Commission, it offers strategies for promoting creation of jobs by identifying emerging trends in technology, education, and characteristics of enterprises in India.
Government at all levels, including the Center, states and district administrations, should be coordinated under the Prime Minister's Office and Chief Ministers with systematic methods for policy formulation and stakeholder participation to drive jobs growth.
Job creation must be a principal metric in performance score-cards for governments at all levels to ensure adequate employment generation, noted the CII President.
Every year, 10-12 million young people join the labour force, and millions more leave agriculture, thus necessitating creation of 17-20 million jobs per annum.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.