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Time of India
9 hours ago
- Business
- Time of India
Jobs push needs skilling: Economic policy think-tank NCAER urges investment in training, says 13% job gain possible by 2030
AI image NEW DELHI: India can boost employment in labour-intensive sectors by over 13% by 2030 through targeted investment in formal skilling, according to a paper by the National Council of Applied Economic Research (NCAER). The study argues for a multi-pronged policy push to improve workforce quality and bridge the country's employment gap. The paper, titled 'The Landscape of Employment in India: Pathways to Jobs', highlights the critical role of skilled labour in accelerating job creation, particularly in manufacturing and services. 'On the supply side, we show that increasing the share of skilled workforce by 12 percentage points through investment in formal skilling could lead to more than a 13 per cent increase in employment in labour intensive sectors by 2030,' the paper said, quoted PTI. Labour-intensive industries currently account for a significant share of employment—44.1% of manufacturing jobs and 54.2% of services sector employment, the paper noted. 'Our demand-side simulations indicate that we can significantly bridge the employment gap by increasing the size of the manufacturing and services sectors, particularly through a focus on labour-intensive industries therein,' it added. The paper's author, Farzana Afridi, emphasised the need for a 'multi-pronged approach' to enhance production capacity and stimulate job creation, including higher government expenditure, tax cuts, and domestic demand stimulation. While analysing government initiatives, the paper cited a mismatch in the Production-Linked Incentive (PLI) scheme, pointing out that although it focuses on high-skilled, high-value sectors, the most jobs have been created in food processing and pharmaceuticals. 'This reflects a mismatch between budgetary allocation under PLI and potential for employment creation,' the paper said. To maximise gains, the report recommends adopting global best practices, implementing national quality standards, and revamping education systems to improve human capital. It also suggests embedding digital literacy, ICT skills, and soft skills into vocational training to enhance employability. The study referenced the Future of Jobs Report 2025, which estimates that 63% of India's workforce will need reskilling or upskilling by 2030 to stay competitive. 'Improving training quality, along with increasing the share of formally trained workers, can lead to higher employment gains,' the paper concluded. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
15 hours ago
- Business
- Time of India
India can create 35 crore jobs by 2030, only if it fixes this problem
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India has the potential to employ up to 35 crore workers in manufacturing and services sectors by 2030, but this will require a major push in skilling initiatives and investment, according to a new study by the National Council of Applied Economic Research (NCAER).The study, titled "Pathways to Jobs", led by economist Farzana Afridi, highlights that while the country's labour force has grown by 9 crore since 2017-18, only 6 crore new jobs have been created during the same period. A large share of future employment—nearly 28 crore jobs—is projected to come from the services report underscores that labour-intensive investments in both manufacturing and services could double overall employment, thanks to inter-sectoral linkages. However, it also notes that employment growth is being constrained by a stagnant manufacturing sector, declining labour intensity, and a shortage of skilled workers."The share of the workforce in agriculture has declined, but manufacturing has not picked up the slack," the report said, adding that labour intensity of production is falling, complicating efforts to absorb the expanding there has been some progress—particularly in the rise of high-skill employment in the services sector—the skills gap remains wide. In 2018, 92% of workers lacked training; by 2024, that number had dropped to 65%, but still, only 4% of workers had formal tackle this challenge, the economists suggest expanding vocational education and allowing students to choose between academic and skills-based tracks. They also recommend macro-level policy changes including higher public spending, tax cuts, investment incentives, and eased labour regulations to stimulate job inputs from ToI
