India
needs to create 14.8 cr additional jobs by 2030 given population growth: IMF
DMD Gita Gopinath
Extract:
In a recent
statement, IMF's First Deputy Managing Director, Gita Gopinath, highlighted the
pressing need for India to generate an additional 14.8 crore jobs by 2030 due
to population growth.
Gopinath emphasized that
India's employment rate lags significantly behind that of other G20 nations.
She recommended a revamp of the education system to enhance the skill set of
the workforce.
The call to
action underscores the crucial intersection between demographic trends and
employment challenges facing India.
The statistics paint a
stark picture of the impending job crisis necessitating immediate attention and
strategic interventions to bridge the widening gap between population growth
and job creation.
My Take:
Indias Population Explodes…………….22/09/2011
I had predicted the
demographic challenges India faces today back in 2011 when I highlighted the
explosive growth in India's population, especially in the younger age brackets.
The need for upskilling
the workforce through initiatives like the National Skills Development
Corporation resonates with my earlier emphasis on preparing the population for
future job demands. The mandate to provide skills to millions aligns with the
urgency stressed by Gopinath for improving the employment scenario by enhancing
the skill set of individuals.
-------------------------------------------------------------------------------------------------------------------------------
ICEBERG OF UNEMPLOYMENT…………..29-01/2011
Reflecting on the imminent
iceberg of unemployment, as outlined in my earlier blog, the current situation
in India mirrors the concerns raised regarding job creation and the demographic
dividend.
The alarming figures of
young Indians entering the workforce each year without adequate employment
opportunities echo the need for immediate action to avert an economic crisis.
Gopinath's call for
revamping the education system to address the skill gap aligns with the crucial
analysis of job creation trends and the potential repercussions of ignoring the
iceberg of unemployment.
Call to Action:
To IMF's First
Deputy Managing Director, Gita Gopinath, and policymakers in India, I urge a
collaborative effort in implementing comprehensive strategies to tackle the
looming job crisis.
It's imperative to
prioritize investments in education and skills development to equip the
workforce with the capabilities needed to meet the demands of a rapidly growing
population.
Let's work together
towards creating a more resilient and sustainable job market for India's future
generations.
With regards,
Hemen Parekh
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