India facing severe underemployment: NITI Aayog

"Indeed, unemployment is the lesser of India's problems. The more serious problem, instead, is severe underemployment," the report said.

NITI Aayog has said that severe underemployment and not unemployment is the main problem of the country.
 
Releasing its three-year action plan last week, the government's think-tank has said that a focus on the domestic market through an import-substitution strategy would give rise to a group of relatively small firms behind a high wall of protection.
 
Contrary to some assertions that India's growth has been 'jobless', the Employment Unemployment Surveys (EUS) of the National Sample Survey Office (NSSO) have consistently reported low and stable rates of unemployment over more than three decades, as per the report. 
 
"Indeed, unemployment is the lesser of India's problems. The more serious problem, instead, is severe underemployment," the report said.  
 
Citing examples of top manufacturing countries like South Korea, Taiwan, Singapore and China, it said, the Make in India campaign needs to succeed by manufacturing for global markets.
 
Moreover, the NITI Aayog in its "Three-Year Action Agenda" recommended for the creation of a handful of Coastal Employment Zones (CEZ), which may attract multinational firms in labour-intensive sectors from China to India.
 
(Source: Agency) 

Event date: 
Monday, August 28, 2017

Add new comment