Labour-intensive sectors crucial for sustaining 8 pc growth: NCAE

The increase in employment is primarily due to the rise in self-employment, while the transition to a skilled labour force has been slow, said a report by NCAER on Friday.

- STATESMAN NEWS SERVICE

Strengthening employment opportunities in labour-intensive manufacturing and services sectors could help sustain GDP growth at around 8 per cent, consistent with the vision of Viksit Bharat, it said. The study titled “India’s Employment Prospects: Pathways to Jobs”, was released by the Vice Chairman of the National Council of Applied Economic Research, Manish Sabharwal, and authored by Professor Farzana Afridi and her team of researchers at the National Council of Applied Economic Research (NCAER).

It further underlined the role of skilling and small enterprises as key drivers of job creation in the country.

Further, it highlights the need to overcome bottlenecks in increasing both the quality and quantity of workforce participation and labour productivity.

Speaking on the report, Sabharwal said, “India is on track to become the world’s 3rd largest economy, and while its per capita GDP currently ranks 128th, this highlights valuable opportunities to prioritise employment and inclusive growth.”