Q: Why is India experiencing jobless growth despite economic expansion?
A: India's growth has been driven by the service sector, which employs less than 30% of the population. Manufacturing, traditionally a significant job creator, has shifted towards capital-intensive methods, reducing employment opportunities.
Q: What factors contribute to the lack of job creation in manufacturing?
A: The transition to capital-intensive production, limited growth of MSMEs, and lack of investment in industries like food processing contribute to reduced job creation in manufacturing.
Q: How can India address joblessness in its growing economy?
A: Key strategies include labor reforms, boosting investment in labor-intensive manufacturing, enhancing education and skills training, and promoting entrepreneurship.
Q: What role do labor reforms play in tackling joblessness?
A: Labor reforms can increase wage incentives, encourage hiring, and improve employment elasticity in various sectors, particularly manufacturing.
Q: Why is it important to focus on education and skill development?
A: Education and skill development aligned with industrial needs can enhance employability and support the growth of entrepreneurship, leading to job creation.
Q: How can India reduce gender disparities in employment?
A: Addressing sector-wise gender gaps, particularly in manufacturing, transport, and construction, and enhancing female labor force participation are crucial steps.
