When the world is looking to automatize to save on working capital, it is a stark reality that the low skill labour jobs will soon be eradicated from India. This news is not a happy news considering many people’s livelihood is going to be abolished as well.
According to a report, NITI Aayog has proposed that the government should set up a labor utilization fund that will make the country’s workforce more skilled and cost-competitive.
Ever since Kumar took over from Arvind Panagariya, the think tank has been working on a blueprint for the government to create jobs. He said that the government is currently encouraging automation in the textile industry under a technology upgradation fund (TUF) to make it capable of competing with large production houses in countries such as China.
Rajiv Kumar believes that this step will not only help in providing vocational training to workers but will also provide them with social security, making the workforce more cost-competitive for the industry to employ.
He said that the aim behind NITI Aayog’s policies is to maximize employment generation as once you do that, everything will fall into place. He added that labour-intensive sectors such as housing, construction, exports, garments, tourism, education and health should be in focus.
The economist also suggested that the impediments to growth in these sectors should be studied in detail to figure out where the shoe pinches.
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