Focus on jobs is first for economic survey
New Delhi, Feb 27: Creation of jobs seems to be the flavour of the season and the government is showing some seriousness in job generation. And the IT sector still creates most jobs in India.
The Economic Survey 2012-13, tabled by the Finance Minister P. Chidambaram in the Lok Sabha on Wednesday, has a special chapter on jobs and employment sector issues.
"The
future
holds
promise
for
India
provided
we
can
seize
the
"demographic
dividend"
as
nearly
half
the
additions
to
the
Indian
labour
force
over
the
period
2011-30
will
be
in
the
age
group
30-49,"
the
survey
said.
However, it admitted that India is creating jobs mainly in low productivity construction and not enough formal jobs in manufacturing, which typically are higher productivity. The high productivity service sector is also not creating enough jobs, the survey noted with concern as service sector is a high-pay industry.
"As the number of people looking for jobs rises, both because of the population dividend and because share of agriculture shrinks, these vulnerabilities will become important. Because good jobs are both the pathway to growth as well as the best form of inclusion, India has to think of ways of enabling their creation," the survey said.
The survey pointed out that overall employment in June 2012 over June 2011 increased by 6.94 lakh and confirmed the widely held belief that the highest increase was recorded in IT and business process outsourcing sector with 4.44 lakh jobs. This sector was followed by 1.70 lakh in textiles including apparels, 0.45 lakh in transport, 0.26 lakh in metals, 0.19 lakh in gems and jewellery and 0.11 lakh in automobiles.
Employment
in
handloom/powerloom
and
leather
sectors
declined
marginally
during
that
period,
it
said.
In
export
oriented
units,
employment
at
the
overall
level
has
increased
by
5.81
lakh
whereas
in
the
non-exporting
units,
it
has
increased
by
1.10
lakh
during
the
period
June
2012
over
June
2011.
OneIndia News