One single metric that held the key to us achieving our immense economic potential as a nation, the creation of gainful jobs, particularly for our underemployed youth and women, would perhaps be a strong candidate. After the second world war there was a change in the world order and post COVID too we will be seeing a reordering of the world order.
Instead, we should rethink our strategy of striving for an industry-led growth model and explore a more relevant agri-centric model of economic transformation to create more remunerative and more satisfying employment in and around agriculture.People globally want to see an empowered and strong India. It is imperative for us we take our country forward at a rapid pace and strengthen it across several sectors.
It is very important that India not only becomes self-reliant but also a modern India built on the foundation of ‘Aatmanirbhar Bharat’.Launching the digital rupee would open up new opportunities for the fintech sector. The budget proposes to make a four-fold increase in public investments from the UPA years.
Other countries: According to ILO, the International labor organization suggests that India’s employment to population (over the age of 15) ratio has steadily dropped from 55% in 2005 to 43% in 2020. In 2020, it was 52% in Bangladesh,63%in China, and 73% in Vietnam. Specifically, women form just 20%of India’s workforce, while they comprise between 30% and 70% of the workforce in the other three countries.
