Creating jobs along with infrastructure investment will help government of India to create more quality employment opportunities. Explain (200 Words)
Refer - Business Standard
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
· A recent report by IDFC Institute Infrastructure Priorities for Job Creation in India provides the tools to refine investment strategy.
· Focusing on areas that are poised for economic growth will give the greatest benefit when it comes to helping firms scale up via infrastructure investment.
· According to report, firms with varied types of economic activity were ranked based on major infrastructure bottlenecks they face in their operations.
· Unsurprisingly, a number of issues related to roads were the biggest impediments. Starting with Atal Bihari Vajpayee's Golden Quadrilateral to Pradhan Mantri Gram Sadak Yojana projects, successive governments have recognised the economic importance of connectivity.
· However, connectivity by itself is not enough. We identified specific problems with roads. In services districts, 66 per cent of firms reported traffic jams as a major hindrance. Poor quality of roads stood out in industrial districts, with 70 per cent of firms rating it highest.
· Electricity is particularly important as an infrastructure impediment the most important overall after roads.
· In industrial clusters, for instance, a 10 per cent increase in the costs saved by firms due to better roads would lead to a 3.7 per cent increase in employment.
Link with Jobs
· According to periodic labour force survey (PLFS), unemployment in India in 2017-18 was 6% — 7.8% urban and 5.3% rural joblessness.
· India's jobs scenario seems to be on the edge of a crisis, with one million people entering the job market every month and not enough employment opportunities to absorb them.
· At such a time, a directed approach for prioritising infrastructure investments that will induce wide-ranging employment growth.
· Better the infrastructure, more the labour mobility, also the employability improves.
· But the jobs created by Government for unemployed youths must be in formal sector.
· The right infrastructure, after all, can drastically change the way businesses function and labour moves for the better.
· In the coming months and years, the Centre and states would do well to keep this need for strategic infrastructure provisioning in mind.
Vidya S 5 years
Kindly review it
IAS Parliament 5 years
Good attempt. Keep Writing.
@Pallavi 5 years
Please review.
IAS Parliament 5 years
Good answer. Keep Writing.
Anu 5 years
Kindly review. Thank you.
IAS Parliament 5 years
Good answer. Try to stick to word limit. Keep Writing.
Chinna 5 years
Kindly review...thank you
IAS Parliament 5 years
Good attempt. Keep Writing.
Loading Comments