Day 28 – Q 5. Examine the sectors where, in your opinion, real potential for employment generation lies.
5. Examine the sectors where, in your opinion, real potential for employment generation lies.
उन क्षेत्रों की जांच करें जहां आपकी राय में, रोजगार उत्पादन के लिए वास्तविक क्षमता है।
Introduction
India’s journey on the path of economic reforms has transformed it to one of the world’s fastest growing economies. Its large and growing population is its best asset and can quadruple GDP and catapult India to the league of developed economies over the next decade. All this if a billion could be transformed into a productive workforce.
Body
Potential for employment in India:
1) Infrastructure:
The “Make in India” initiative, a multi-pillar development push launched by Indian Prime Minister Narendra Modi in September 2014, has helped spur a building boom.
The government’s ambitious plans to develop “industrial corridors and smart cities” — and its practical intentions to repair, or build new, airports, highways, schools and hospitals. This will require huge workforce and provide employment.
2)Service sector:
The domestic IT market in India has a high growth potential driven by Digital India initiatives of the Government. There are also significant opportunities for the sector in terms of regional global expansion, given that Japan and China are the largest technology spenders in the Asia Pacific region.
The various scheme of government like training North East students and improving the education curriculum to make them industry ready will help create more jobs.
3) Professional Services:
The Indian professional services sector lends support to businesses across the world by offering a variety of services including audit and accounting, management consulting, architectural, engineering and legal services. Various initiatives by the Government such as Make in India, liberalization of FDI and trade policies, and government’s push to ease of doing business as well as a large domestic market with growing number of start-ups have given significant push to this sector. These initiatives have attracted a large number of foreign investors to start businesses in India which will in turn create a huge demand for consulting services.
4)Automotive sector:
Make in India” has boosted interest in automotive manufacturing. The government’s 10-year Automotive Mission Plan, released in 2016, would like the Indian car industry to jump from $74 billion in size to more than $260 billion, becoming one the world’s top three automotive industries. This will create new job opportunities
5) Healthcare: Caring For An Aging Population:
The share of its population aged 60 and older is projected to climb to 19 percent by 2050, up from 8 percent today, according to the United Nations Population Division. That could be a boon for the healthcare industry.
Meanwhile, more spending on hospitals will also help to improve services, both public and private.
By 2020 the Indian healthcare market is expected to increase by a compound annual growth rate of about 16 percent to $280 billion, up from $74 billion in 2011.This will provide huge opportunity to health care provider
Conclusion
Thus there are many opportunities available to provide gainful employment to youth and to herald the country towards development.
Note: Many other sectors can be added
Best Answer: P29
