Roadmap for Answer Writing Introduction Define Demographic Dividend Explain the concept of demographic dividend and its significance for India. Mention the current youth population statistics. Thesis Statement State the main issues associated with employability and job creation, setting the tone for the discussion. Body Challenges of India’s Demographic ...
The success of the "Make in India" program indeed hinges on the success of the "Skill India" program and radical labor reforms. Here's why: *Skill India:* 1. Trained workforce: "Make in India" requires a skilled workforce to manufacture high-quality products. 2. Enhanced productivity: Skilled workerRead more
The success of the “Make in India” program indeed hinges on the success of the “Skill India” program and radical labor reforms. Here’s why:
*Skill India:*
1. Trained workforce: “Make in India” requires a skilled workforce to manufacture high-quality products.
2. Enhanced productivity: Skilled workers increase efficiency and productivity.
3. Global competitiveness: A skilled workforce enables Indian industries to compete globally.
*Radical Labor Reforms:*
1. Flexibility: Labor reforms allow businesses to adapt to changing market conditions.
2. Ease of doing business: Simplified labor laws attract foreign investment.
3. Increased employment: Reforms encourage hiring and job creation.
*Interdependence:*
1. Unskilled labor hampers “Make in India” initiatives.
2. Inflexible labor laws deter investment and hinder growth.
3. Skilled workforce and flexible labor laws create a conducive business environment.
*Statistics:*
1. India’s skilled workforce is only 2.5% (NSSO, 2018).
2. Labor laws’ complexity ranks India 136/190 (World Bank, 2020).
3. “Skill India” aims to train 40 crore people by 2022.
*Conclusion:*
The success of “Make in India” depends on:
1. Developing a skilled workforce through “Skill India”.
2. Implementing radical labor reforms for flexibility and ease of doing business.
By addressing these two critical components, India can:
1. Boost manufacturing growth.
2. Increase foreign investment.
3. Create employment opportunities.
Thus, the government must prioritize “Skill India” and labor reforms to realize the full potential of “Make in India”.
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Model Answer Introduction India's demographic dividend presents a unique opportunity: a large working-age population poised to drive economic growth. However, this potential is undermined by significant challenges, particularly concerning employability and unemployment rates. As we highlight the demRead more
Model Answer
Introduction
India’s demographic dividend presents a unique opportunity: a large working-age population poised to drive economic growth. However, this potential is undermined by significant challenges, particularly concerning employability and unemployment rates. As we highlight the demographic dividend, we often overlook the critical obstacles that hinder job creation.
Challenges of India’s Demographic Dividend
Lack of Skill Sets
Despite rising education levels, the workforce lacks essential job-oriented skills. A 2021 report by the National Skill Development Corporation revealed that only 20% of graduates possess employable skills, highlighting a gap between education and industry needs.
Unorganised Sector
A significant portion of the workforce operates in the unorganised sector, characterized by low wages and limited social security. According to the Periodic Labour Force Survey, about 90% of India’s workforce is engaged in this sector, which stifles economic security and growth.
Female Labour Force Participation
Although female literacy has improved, marketable skills remain elusive. The World Bank notes that female participation in the workforce has declined to around 23%, indicating systemic barriers such as inadequate access to vocational training.
Infrastructure Deficiencies
Entrepreneurship is hampered by a lack of supportive infrastructure. According to the Economic Survey of India, cumbersome licensing processes and inadequate resources deter potential business ventures.
Disguised Unemployment in Agriculture
Many unskilled workers remain in agriculture due to limited opportunities in other sectors. The Ministry of Agriculture reports that nearly 42% of the workforce is engaged in agriculture, often without adequate productivity.
Job Prospects for the Future
The future job landscape in India lies primarily in sectors such as:
Conclusion
To harness the demographic dividend effectively, India must prioritize skill development, reform labor laws, and enhance infrastructure. By addressing these challenges, we can turn the demographic potential into a robust employment reality, driving sustainable economic growth.
Roadmap for Answer Writing
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