{"id":41715,"date":"2024-07-27T08:46:00","date_gmt":"2024-07-27T03:16:00","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=41715"},"modified":"2025-04-30T23:35:32","modified_gmt":"2025-04-30T18:05:32","slug":"govt-to-form-inter-ministerial-core-group-on-employment","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/govt-to-form-inter-ministerial-core-group-on-employment\/","title":{"rendered":"Govt to form Inter-Ministerial Core Group on Employment"},"content":{"rendered":"<h2>What\u2019s in today\u2019s article?<\/h2>\n<ul>\n<li>Why in the News?<\/li>\n<li>Employment in India<\/li>\n<li>Challenges w.r.t. Employment in India<\/li>\n<li>Key Government Initiatives<\/li>\n<li>Suggestions \/ Way Ahead<\/li>\n<li>Latest Employment Data for India<\/li>\n<li>News Summary<\/li>\n<\/ul>\n<h2>Why in the News?<\/h2>\n<ul>\n<li>Union labour minister Mansukh Lal Mandaviya chaired an inter-ministerial roundtable meeting on capturing and creating a central database on employment.<\/li>\n<\/ul>\n<h2><strong>Employment in India<\/strong><\/h2>\n<ul>\n<li>Employment in India is a multifaceted issue, influenced by the country&#8217;s diverse economy, demographic trends, and evolving industrial landscape.<\/li>\n<li>As one of the world&#8217;s fastest-growing economies, India faces both opportunities and challenges in creating sufficient and quality employment for its vast population.<\/li>\n<li><strong>Current Employment Trends:<\/strong>\n<ul>\n<li>India&#8217;s labor market is characterized by a large informal sector, significant rural employment, and a burgeoning services industry. Key trends include:<\/li>\n<li><strong>Informal Sector Dominance: Over 80% of India&#8217;s workforce is employed in the informal sector<\/strong>, which includes agriculture, construction, and small-scale industries. This sector often lacks job security, benefits, and consistent income.<\/li>\n<li><strong>Rural Employment:<\/strong> A substantial portion of India&#8217;s population still relies on agriculture for their livelihood.<\/li>\n<\/ul>\n<\/li>\n<li>As per Government data, <strong>about 65 percent of the people in India are engaged in agriculture and allied activities directly<\/strong>.\n<ul>\n<li><strong>Growth of Services Industry:<\/strong> The services sector, including IT, finance, and retail, has seen significant growth, contributing to job creation in urban areas and improving India&#8217;s global economic standing.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><strong>Challenges w.r.t. Employment in India<\/strong><\/h2>\n<ul>\n<li>India&#8217;s employment scenario faces several challenges that need to be addressed to ensure sustainable growth:<\/li>\n<li><strong>Unemployment and Underemployment:<\/strong> Despite economic growth, unemployment remains a concern, particularly among the youth and educated populations. Underemployment, where individuals work in jobs that do not fully utilize their skills, is also prevalent.<\/li>\n<li><strong>Skill Gap:<\/strong> There is a notable gap between the skills possessed by the workforce and those demanded by employers. This mismatch hinders productivity and limits economic potential.<\/li>\n<li><strong>Job Quality:<\/strong> Many jobs in India, especially in the informal sector, are characterized by poor working conditions, low wages, and lack of social security, impacting the overall quality of life.<\/li>\n<\/ul>\n<h2><strong>Key Government Initiatives<\/strong><\/h2>\n<ul>\n<li><strong>Skill India Mission:<\/strong> It was launched in 2015 with an aim to train over 400 million people in different skills by 2022, enhancing employability and bridging the skill gap.<\/li>\n<li><strong>Pradhan Mantri Mudra Yojana:<\/strong> Launched in 2015 to provide loans up to Rs. 10 lakh to the non-corporate, non-farm small\/micro-enterprises.<\/li>\n<li><strong>Make in India:<\/strong> Encourages domestic and international companies to manufacture in India, creating jobs in manufacturing and related sectors.<\/li>\n<li><strong>Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA):<\/strong> Provides legal guarantee for at least 100 days of wage employment in rural areas, promoting livelihood security.<\/li>\n<\/ul>\n<h2><strong>Suggestions \/ Way Ahead<\/strong><\/h2>\n<ul>\n<li><strong>Economic Diversification:<\/strong> Expanding beyond traditional sectors to include emerging industries like renewable energy, biotechnology, and digital services can drive job creation.<\/li>\n<li><strong>Educational Reforms:<\/strong> Aligning educational curricula with market demands and promoting vocational training can prepare the workforce for future challenges.<\/li>\n<li><strong>Technological Integration:<\/strong> Embracing technology in various sectors can enhance productivity and create new job opportunities, particularly in tech-driven fields.<\/li>\n<\/ul>\n<h2><strong>Latest Employment Data for India<\/strong><\/h2>\n<ul>\n<li>According to PLFS and RBI&#8217;s KLEMS data, <strong>India has generated more than 8 crore (80 million) employment opportunities from 2017-18 to 2021-22<\/strong>.<\/li>\n<li>This translates to an average of over 2 crore (20 million) employment per year, despite of the fact that the world economy was hit by COVID-19 pandemic during 2020-21.<\/li>\n<\/ul>\n<h2><strong>News Summary<\/strong><\/h2>\n<ul>\n<li>Union Labour Minister Mansukh Mandaviya chaired an inter-ministerial meeting focused on <strong>creating a central employment database to integrate various employment data sources for a comprehensive view of employment generation in India<\/strong>.<\/li>\n<li>The meeting involved 19 union ministries and industry associations aiming to establish systematic data recording on employment resulting from government schemes, programs, and projects.<\/li>\n<li>Mandaviya emphasized the need for a core group comprising different ministries, departments, and industry to <strong>build synergies and integrate efforts currently existing in silos<\/strong>.<\/li>\n<li>He also highlighted the industry&#8217;s demand for a skilled workforce, urging industry bodies to offer internships to young people to prepare them with adequate skills and professional qualifications.<\/li>\n<\/ul>\n<p>This initiative <strong>aligns with recent Union Budget proposals related to employment, internships, and skilling<\/strong>.<\/p>\n<hr \/>\n<h3><strong>Q1. What is Cyclical Unemployment?<\/strong><\/h3>\n<p>Cyclical unemployment refers to the unemployment which is caused by the changes in business cycles, that is economic upturn or downturn. Cyclical unemployment is a component of overall unemployment and is affected by the economic recession or expansion.<\/p>\n<h3><strong>Q2. What is Structural Unemployment?<\/strong><\/h3>\n<p>Structural unemployment is long-lasting unemployment that comes about due to shifts in an economy. This type of unemployment happens because though jobs are available, there&#8217;s a mismatch between what companies need and what available workers offer.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/business\/economy\/govt-to-form-inter-ministerial-core-group-on-employment-integration-of-jobs-data-9478089\/\" target=\"_blank\" rel=\"nofollow noopener\">Govt to form inter-ministerial core group on employment, integration of jobs data<\/a> | <a href=\"https:\/\/pib.gov.in\/PressReleaseIframePage.aspx?PRID=2037770\" target=\"_blank\" rel=\"nofollow noopener\">PIB<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>nion labour minister chaired a meeting on creating a central database on employment.<\/p>\n","protected":false},"author":5,"featured_media":41716,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"class_list":{"0":"post-41715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-mains-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/41715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=41715"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/41715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/41716"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=41715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=41715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=41715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}