New National Policy targets 30m jobs by 2030

The government has formulated National Employment Policy 2022 identifying a number of challenges including absence of public and private measures that hinder the skilled workforce generation. The policy, first of its kind that has recently been finalised, also aims to create about 30 million fresh jobs by 2030 and thus keep the unemployment rate at lowest level by 2041. The employment and labour ministry on July 14 last issued a gazette notification in this regard. It found insufficient information regarding sector-wise demand and supply of skilled workers as one of the major challenges to generate skilled workers. The other challenges or obstacles included lack of literacy and knowledge on language, non-prioritising the experience or knowledge gained from vocational and stipend education and training in time of job appointment, and inadequate sector-wise technology-based modern training facilities. According to the policy, the number of unemployed and disguised unemployed people is about 2.7 million and 12.5 million respectively while more than 60 million people are capable to work. Formal sectors can create employment for only 15 per cent of people while 85 per cent work in informal sector, it said. About half out of the 60 million are women and majority of them are unemployed, it said adding 33 per cent of them work in informal sector with nominal payment.

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