Transforming India’s Labour Force
Why in News?
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India is undergoing significant demographic and economic changes, prompting discussions on transforming its labour force to harness the potential of its young population and drive sustainable economic growth.
Important Key Points:
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Demographic Dividend: India’s large and youthful population presents an opportunity to boost economic productivity. However, to capitalize on this, there is a need for strategic investments in education, skill development, and employment generation.
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Skill Development Initiatives: The government has launched various programs aimed at enhancing the skill sets of the workforce, aligning them with industry demands. These initiatives focus on vocational training, apprenticeships, and upskilling to improve employability.
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Formalization of Employment: Efforts are being made to transition workers from the informal to the formal sector, ensuring better job security, social benefits, and adherence to labor laws. This includes simplifying labor codes and promoting ease of doing business.
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Gender Inclusivity: Policies are being implemented to encourage greater participation of women in the workforce, recognizing the importance of gender diversity in driving economic growth.
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Technological Integration: Embracing digital technologies and automation is essential for modernizing industries and creating new employment opportunities. This requires a workforce that is adaptable and equipped with relevant digital skills.
