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Need efficient economic data on employment to create impact: Nirupama Rao

  • Need efficient economic data on employment to create impact: Nirupama Rao

    Summary: AURANGABAD: Former foreign secretary Nirupama Rao on Tuesday underlined the need of efficient economic data on employment to create a transformational impact of demographic dividend. One of them is the 'Energising Youth through Education, Skills and Jobs' in order to address the aspirations of young India. "The great son of India, saw national education as constituting more than the acquisition of a degree or time spent in school and college. "In the Union Budget 2017 to 2018, the government announced several measures for enhancing employability and job creation among the population. "According to the United Nations population fund, India has the world's highest number of young people.

    AURANGABAD: Former foreign secretary Nirupama Rao on Tuesday underlined the need of efficient economic data on employment to create a transformational impact of demographic dividend."It is understood that authoritative data on employment and unemployment is available only up to March 2011 and that too only in the organised sector that employs about 29 million people out of the estimated total workforce of around 480 million. The problem is also about efficient economic data collection, statistical analysis and dissemination that can contribute to better governance and create a transformational impact," she said.Rao, who is also former Indian ambassador to the US and China, was addressing the 57th convocation ceremony at Dr Babasaheb Ambedkar Marathwada University (Bamu) on Tuesday.Invoking Angus Deaton , winner of 2015 Nobel Prize for economics, she said the noted economist had stressed that democracies required good data."Can we say more? The crux of the matter is that while our youth should not lose the capacity to dream, it cannot be denied that they need well-paying jobs and that authentic, scientifically-marshalled data is vital in order to meet this challenge of job creation effectively," Rao said.Stating that India enjoys a demographic dividend, she stressed that employment rate among the youth must rise to capitalise on it."According to the United Nations population fund, India has the world's highest number of young people. The employment rate must rise otherwise, unemployment has the tendency to turn the dividend into a youth bulge, often a trigger for unstable social conditions," Rao said.The former senior bureaucrat, who is also a Bamu alumnus, asserted that unemployment must be efficiently targeted among the group aged between 15-17 years and 18-29 years."In the Union Budget 2017 to 2018, the government announced several measures for enhancing employability and job creation among the population , As Reported By TOI.

    According to the Newspaper,One of them is the 'Energising Youth through Education, Skills and Jobs' in order to address the aspirations of young India. Special focus has been laid on the labour intensive sectors for generating employment opportunities including textiles, leather and footwear and electronics manufacturing," she told the students.Rao said a great hope for India exists and it can be seen around in terms of the acceleration of economic growth that makes India the fastest growing big economy."I would urge you to open your minds and thoughts to what has been achieved in countries like Singapore and China, especially in terms of scale and size of infrastructure projects and public facilities," she said.Elaborating upon education sector, she recalled views of late nationalist and philosopher Sri Aurobindo. "The great son of India, saw national education as constituting more than the acquisition of a degree or time spent in school and college.

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