Ishita KishoreAIR 1 · 142 wordsTheir whole copy
Opening · a figure
Indian unemployment stands at over 6% according to PLFS. Further 90% jobs are in the informal sector.
This fosters need for Urban Employment Scheme:
Body · points
- i- Low social security in gig economy. Eg Reverse migration in COVID 19
- ii- Exploitative practices in informal sector. Eg Blinkit 10 minute delivery
- iii- Women LFPR is abysmally low at 23% (and lower for urban women)
- iv- By 2050, half of India's population will be in urban areas (World Bank) -> Need for welfare policies
- v- Augment MGNREGA of rural economy by assuring min. standard of living in urban areas.
Yet challenges exist:
- i- Burden on public exchequer
- ii- Low level of skill development (less than 5%)
- iii- Inefficiency of MGNREGA creates lessons
Need
-> Connect b/w industry & government
eg Maruti apprenticeship
-> Industrial Revolution 4.0 requires skilling
Take off of manufacturing sector
Close · a way forward
India needs to promote labour intensive industries like FPI. Urban employment guarantee can have limited benefits