DELIBERATIONS ON JOB CREATION IN INDIA
Feb 24, 2018
Centre for Economic Policy Research (CEPR) organised a roundtable discussion on ‘Job creation in India’ on February 24, 2018.
The discussion began with the deliberation on present scenario and the panellists underlined the challenges country’s job market is facing.
CEPR roped in discussants from influential backgrounds and hence witnessed the presence of people like Bibek Debroy, Chairman of the Prime Minister’s Economic Advisory Council, R S Butola Former Chairman, Indian Oil Corporation, Dr. Ashwani Mahajan, National Co-Convener of Swadeshi Jagaran Manch, Bharat Salhotra, MD, Alstom Transport, Manish Kumar CEO, National Skill Development Corporation, Shwait Malik, MP, Rajya Sabha, BJP, R K Tyagi, Director at Air India, Pratyush Kumar, President, Boeing India, Pawan Kumar, Zonal Organising Secretary, Bhartiya Mazdoor Sangh or BMS, Satish Kumar, National President, Swadeshi Jagran Manch Kamal Sharma, National Yuva Co-operative Society, and Kashmiri Lal, National Organiser of Swadeshi Manch. Anilesh Mahajan, Senior Associate Editor, India Today, moderated the whole event.
The panel outlined NDA Government’s promise of creating 10 million jobs annually. But, as per the recent report published, named, ‘Towards a Payroll Reporting in India’, authored by Prof. Pulak Ghosh, Professor, IIM Bangalore and Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI, only 70 lakh jobs were created in the formal sector. NITI Aayog helped them get access to Employee Provident Fund Organisation or EPFO data to help them with the report.
Idea of creating not only jobs but quality jobs, not only employment but underemployment, were promoted. Also, ways to boost agriculture were pointed out, since it is the sector with maximum employment.
The panellists believed that Policy of Minimum Government and Maximum Governance, if promoted efficiently will help change the scenario in a positive way.
Many of the panellists pointed out that the biggest problem is generation of good quality data and they believe that the time has come for a New Education Policy or NEP to help meet the changing dynamics of the population’s requirement with regards to quality education, innovation and research.