In a paper called ‘Landscap of Employment in India: Jobs to Jobs’, it states that inter-sector relationships can have multiplied by the overall economy, and employment can increase up to 200 percent related to existing conditions.
“Aside from the supply, we show that the share of skilled employees through formal skilling investment by 5 % can increase by more than 5 per cent of employment in the deep sector,” he said.
On average, the paper states that the total production of employment-intensive manufacturing is 44.5 percent.
“From our demand-adjacent simulations, it shows that we can significantly reduce the employment gaps by increasing the size of the production and service sector, especially by focusing on the deep industries,” the paper said.
Stating out the outline of some policy prescriptions, paper writer Ferzana Afridi said that a versatile approach is needed to increase production capacity in labor-intensive production and service, including high government expenses and reduction of taxes by reducing domestic demand. This paper has also created tensions on the implementation of the national quality benchmark for the adoption and training and recovery of existing workers to the existing workers. Referring to the Production-Linked Insurance (PLI) scheme, the paper pointed out that it is mainly focused on the production of high-producing products that require high-skilled workers.
“But the highest employment processes and the pharmaceuticals have been created under the scheme. It reflects the matches in the Budget and the potential for employment creation under PLI,” To improve the quality of labor, the quality of the labor must be increased.
These include the future of Jobs Report 225, which shows that the Cent 63 per cent of the Cent Labor for India’s Cent Labor Force will require rehabilitation or upskling up to 130 per cent to stay competitive.
Among others, the paper suggested to include soft skills, digital literacy and information and communication technology (ICT) skills to increase employment, especially in training programs in the service sub-sectors.
“Improving the quality of training by increasing the share of formal trained workers can benefit more employment,” said.
Since more than half of the total employment sector in the labor and service sector, this paper focused on expanding labor-integrated production and services with the system of education system to increase the human capital of the labor force.
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