NEW DELHI: Job creation has become a major challenge for Prime Minister Narendra Modi as he has only one year left to face the people in Lok Sabha polls in 2019. He had promised to create 10 million jobs a year during his campaign for the 2014 Lok Sabha elections.
A large number of people enter the workforce in India every year and most of them are not adequately skilled and a significant number not even employable. On top of this, emerging technologies such as automation and artificial intelligence have started reducing jobs in several sectors.
While 49% respondents have shown a positive hiring intent, 25% are neutral. Only 26% have shown a negative hiring intent.
Not just hiring, employability too has improved. Unskilled or under-skilled labour has been a major problem for India. Employability of even software engineers has been found too low. But the report says employability is improving significantly. Employability has grown to highest ever level of 45.6 per cent in last five years. “We as a country are undergoing a phase of transition as we embrace the impact of digital in our lives. Lot of efforts are needed both at the supply side and demand side to ensure we complete this phase with flying colours. Data shows we are on the right track,” said Pankaj Bansal, Co-founder and CEO of PeopleStrong.
This article was published on Economic Times
