September 6, 2017 8:42 PM

printer

NITI Aayog constitutes Expert Task Force to provide major thrust to job creation

NITI Aayog today constituted an Expert Task Force to provide a major thrust to job creation by enhancing India's exports. It will be headed by NITI Aayog Vice Chairman Dr Rajiv Kumar.<br/><br/>The task force has outlined many steps to address the challenge of creating well-paid, formal sector jobs. These include, proposing a comprehensive plan of action to generate employment and alleviate under-employment in both goods and services sectors and low wages by boosting India's exports in key labour-intensive industries.<br/><br/>Other steps are recommending sector-specific policy interventions in key employment sectors, recommending measures to enhance trade in services with high employment potential, identifying key macroeconomic factors constraining exports and suggesting methods to address these constraints, assessing the effectiveness of existing schemes to promote exports, addressing issues related to logistics, export credits and trade facilitation and suggesting ways to enhance the availability of data on trade such that it is reliable, globally comparable and timely, particularly with respect to trade in services.<br/><br/>The Think tank said, while the Indian workforce has high aspirations, a majority of the workers are still employed in low-productivity, low-wage jobs in small, micro and own-account enterprises. It said, an urgent and sustained expansion of the organized sector is essential to address India's unemployment and under-employment issue.<br/><br/>The NITI Aoyog said, an important strategy is also to enable a shift towards more labour-intensive goods and services that are destined for exports. It said, given the importance of exports in generating jobs, India needs to create an environment in which globally competitive exporters can emerge and flourish.<br/><br/>Members of the Task force include CEO, NITI Aayog, Secretaries of Departments of Commerce, Industrial Policy and Promotion, Economic Affairs and Textiles. Leading economists and industry experts are also members of the Task Force, which will submit its report by November 2017.

Most Read
View All arrow-right

No posts found.