10-May

To Burnish India's CV, Modi Turns Focus on Job Creation

PM wants employment generation to be priority in policymaking

New Delhi: PM Narendra Modi has directed that all proposals sent to the cabinet must state the number of jobs they can generate, in a renewed bid to push employment generation to the centre of policymaking and project conceptualisation. The government, which will soon complete three years, is going all out to ensure it delivers on the promise of creating 1 crore jobs.

Every proposal that entails some expenditure must lead to job creation in the country and needs to include a jobs estimate, commerce and industry minister Nirmala Sitharaman told ET.

Source: The Economic Times

"The prime minister asks in every cabinet meeting 'what jobs are going to be created?' when a proposal comes up for discussion, " Sitharaman said.

A Crisil report said more than 1.5 million people enter the job market every month in the country and the rapid adoption of automation, which reduces the dependence on labour, is aggravating the situation.

“We are the youngest country with 65% of our population below 35 years of age. We are the world’s largest democracy and we have a huge domestic market to feed. No country has such an opportunity as India to create jobs with human capital and abundant natural resource,” Modi had said earlier. The skilling programme id being redrawn to ensure that those entering the workplace market are ready to take on new jobs.

Going forward, government policies are being geared toward creation of employment opportunities to reap the demographic dividend.

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