Agriculture, which is a foundation of any economy, needs to be made more technology friendly. This will help in incentivising youths to explore career options in the sector, which provides a tremendous opportunity for creativity.
This was emphasised by Yanamala Ramakrishnudu, Finance Minister, Government of Andhra Pradesh while addressing the Confederation of Indian Industry’s (CII) Partnership Summit being organised in cooperation with the Government of Andhra Pradesh and Government of India, in Visakhapatnam. This is the 22nd edition of CII’s flagship annual event, and this year’s theme is ‘Partnership for a Shared and Sustainable World Economy.’
“Twenty percent of non-farm jobs will be created in China and India in coming years. Out of this one-third will originate from export sector. Like in US, where a large number of unemployed people are dependent on Government Schemes, in India too this trend has started, which is not a very encouraging sign for the economy. India also needs to bring necessary reforms in education sector. We need to graduate out of routine learning to critical learning,” Ramakrishnudu added.
“The fruits of economic growth can be realised only when adequate jobs are created. Growth without jobs leads to social and political unrest,” the minister said.
“By 2020, India’s average age would be 29 years much below the other two Asian giant economies, Japan and China. In order to reap demographic dividend out of it, we need to invest in skill development and skill upgradation. In Andhra Pradesh, there are two crores people employed in unorganised sector. The Andhra Pradesh Skill Development Corporation is working to impart employment oriented skill to the youths of the State.”, Ramakrishnudu further emphasised.
There is another area, which India needs to focus upon and that is overseas employment. Last year nearly eight lakhs Indian got jobs in overseas market. The State Employment agencies need to be linked to overseas employment.