Employment in major industries increased over the last three years : PLFS data » Bhajpa Ki Baat
Minister of State for Labour and Employment, Shri Rameswar Teli, in a written reply to a question in Rajya Sabha on 16 March informed that the data source on Employment and Unemployment is Periodic Labour Force Survey (PLFS) which is conducted by the Ministry of Statistics & Programme Implementation (MoSPI) since 2017-18. The survey period is July to June of next year.
The PLFS data indicates that the employment in the above major Industries has increased over the last three years. In construction sector, percentage of workers has increased to 12.4% in 2021-22 as compared to 11.6% in 2019-20.
Further, the Quarterly Employment Survey (QES) is conducted by Labour Bureau which aims to assess the employment situation in respect of selected nine sectors of non-farm economy of India over successive quarters. Selected nine sectors are Manufacturing, Construction, Trade, Transport, Education, Health, Accommodation & Restaurants, Information Technology (IT)/ Business Process Outsourcing (BPO) and Financial Services.
As per the fourth round of QES (January-March, 2022), the estimated total employment in the nine selected sectors was 3.18 crore, which is 10 lakhs higher than the estimated employment (3.08 crore) from the first round of QES (April-June, 2021). Out of the total employment estimated in the selected nine sectors, Manufacturing sector accounted for 38.5% and Construction Sector 1.9%.
Investments in Infrastructure and productive capacity have a large multiplier impact on growth and employment. The budget of 2023-24 proposed to increase capital investment outlay steeply for the third year in a row by 33 per cent to Rs. 10 lakh crore, which would be 3.3 per cent of GDP. This substantial increase in recent years is central to the government’s efforts to enhance growth potential and job creation.
The Government of India has announced Aatmanirbhar Bharat package to provide stimulus to business and to mitigate the adverse impact of Covid 19. Under this package, the Government has provided fiscal stimulus of more than Rupees Twenty Seven lakh crore.
The Production Linked Incentive (PLI) schemes is being implemented by the Government with an outlay of Rs. 1.97 lakh crore, for a period of 5 years starting from 2021-22 which have potential for creating 60 lakh new jobs.
PM Gati Shakti is a transformative approach for economic growth and sustainable development. The approach is driven by seven engines, namely, Roads, Railways, Airports, Ports, Mass Transport, Waterways and Logistics Infrastructure. This approach is powered by Clean Energy and Sabka Prayas leading to huge job and entrepreneurial opportunities for all.
All these initiatives are expected to collectively generate employment in the medium to long term through multiplier-effects.
(News Source -Except for the headline, this story has not been edited by Bhajpa Ki Baat staff and is published from a BJP KS feed.)
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