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Boost to PLI, MITRA schemes to unlock non-farm job growth
Business Standard
|July 23, 2024
The Indian economy has to generate an average of 7.8 million jobs annually until 2030 in the non-farm sector to cater to the rising workforce, female participation in labour force, and labour shifting out of agriculture, the Economic Survey 2023-24 released on Monday said.
The survey attempted a broad estimation of the requirement for job creation in the non-farm sector, assuming that the share of agriculture in the workforce will decline from 45.8 per cent in 2023 to "onefourth" in 2047.
The survey notes that in order to meet this demand in the non-farm sector per year, there is scope to supplement the existing schemes like production-linked incentive (6 million employment generation over five years), PM MITRA textile scheme (2 million jobs), and MUDRA, etc.
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