Home   »   10 Lakh jobs announcement   »   10 Lakh jobs announcement

The Editorial Analysis: At the Centre of Job Creation

 

Unemployment in India: Relevance

  • GS 3 Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

 

Job crisis in India: Context

  • Recently, the PM has announced that 10 lakh government jobs will be provided over the next 18 months on a “mission mode”.

 

10 lakh jobs: Message of the announcement

  • One, the creation of employment is indeed a problem and can no longer be hidden from the public discourse.
  • Two, the private sector, especially modern sectors such as the service and manufacturing sectors, have not created many jobs.
  • Three, the government in the Nehruvian scheme of development occupied an important place in the labour market.
  • And four, the NDA government has blown the 2024 general election bugle.

 

Uncategorised

 

Issues in employment trends

Data reliability

  • Last year for which we have information on employment in the organised sector from the Directorate General of Employment and Training is 2012.
  • The present government is at present relying on the Employees’ Provident Fund Organisation/National Pension System/Employees’ State Insurance Scheme registrations and exits as indicators of the formal labour market.
  • This could be misleading as companies may be increasing registrations to cross the threshold to become eligible to fall under any of these. Hence, this might be more a case of formalisation rather than employment generation.

 

Vacancies in the government departments

  • Media reports show that more than 85% of those aspiring for those 10 lakh jobs could be consumed by existing vacancies in Central government departments (8,72,243).
  • In that sense, the pr1onouncement possibly does not indicate 10 lakh new jobs.

 

PSUs

  • Third, 241 central public sector enterprises (CPSEs) have been shedding jobs in recent years — jobs declined from 10.84 lakh in 2017-18 to 10.71 lakh in 2018-19 and to 9.22 lakh in 2019-20.

 

Uncategorised

Role of private sector

  • The private sector creates jobs in response to market forces and while taking into consideration radically altering technological developments.
  • Projects in the modern private sector consume a lot of capital to generate very few jobs.

 

Way forward

  • The government should re-establish its role as the principal employment generator through jobs in its ministries and CPSEs and through assured employment generation programmes like MGNREGA.

 

Read current affairs for UPSC

“CiSS Application” under the Baal Swaraj Portal Launched India-Vietnam Relations: India and Vietnam Sign Mutual Logistics Agreement India Ocean Mission in 2023 Green Open Access Rules 2022
Sustainable Development Report 2022 Biotech Start-up Expo 2022: BIRAC Rapid Increase in India’s Trade with Gulf Cooperation Council National Strategy for Sustainable Tourism, Responsible Traveller Campaign
Ex Khaan Quest 2022 National Tribal Research Institute (NTRI): To be Inaugurated as part of Azadi Ka Amrit Mahotsava Growing Heavy Metal Pollution in Rivers India’s International Cooperation in disability sector- An Overview
Ethanol Blending in India: India Achieved 10% Target Ahead of Schedule Leaders in Climate Change Management Understanding Gun Control Legislation in Various Countries SHRESHTA Scheme Launched

Sharing is caring!