Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / Policy/  Labour minister concedes current growth not translating into more jobs
BackBack

Labour minister concedes current growth not translating into more jobs

Labour minister Bandaru Dattatreya says a task force has been set up to compile figures of jobs generated in the last three years

Bandaru Dattatreya, Union minister for labour and employment, said the Narendra Modi-led government’s initiatives such as ‘Skill India’ aim to address the shortfall of technical workforce. Photo: Priyanka Parashar/MintPremium
Bandaru Dattatreya, Union minister for labour and employment, said the Narendra Modi-led government’s initiatives such as ‘Skill India’ aim to address the shortfall of technical workforce. Photo: Priyanka Parashar/Mint

Mumbai: Conceding that growth of the economy was not translating into more employment, Union minister Bandaru Dattatreya on Tuesday said a task force has been set up to compile figures of jobs generated in the last three years.

“The current growth is a jobless growth. Many European and Asian countries, including India, are facing it... growth is being reported but it is not reflecting in employment generation," he told reporters in Mumbai. A jobless growth describes a situation in which an economy recovers from a recession but the job market does not.

“But we should also know that our country has only two per cent technical workforce, against the requirement which is huge," Dattatreya said.

However, the Union minister for labour and employment said the Narendra Modi-led government’s initiatives such as ‘Skill India’ aim to address this shortfall. He said it was true that the statistics department showed that employment generation figures appeared to be on lower side.

“But I have not received confirmed data from 23 ministries about job creation in their respective fields. I have therefore set up a task force to compile the figures and come up with (figures of) actual employment generation," he said.

The minister also said the current education system has too much emphasis on theory. For instance, he said, in the engineering field 80% curriculum is theory and 20% is practical knowledge, while it should have been 75% practical and 25% theory. “We need to have more practical approach towards educating the youth," he added.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 31 May 2017, 08:30 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App