NITI Aayog sets up task force on employment,export to boost job creation
Source :NewsBharati   Date :07-Sep-2017

New Delhi, September 7: As export and employment has a directly proportional relation, the government has constituted an expert Task Force to provide a major thrust to job creation by enhancing India’s exports. The Task Force is headed by NITI Ayog vice chairman Rajiv Kumar. The Task Force will seek expansion of the organized sector to address India’s unemployment and underemployment issue.

The export of industry holds a special importance to generate jobs. Hence India needs to create an environment in which globally competitive exporters can emerge and flourish. The members of the force include leading economists and industry experts. A report is expected to be submitted by them in November.

To make the strategy more organized, the force has outlined some steps.A comprehensive plan of action to generate employment and alleviate under-employment in both goods and services sectors and low wages by boosting India’s exports in key labor-intensive industries will be proposed.Sector-specific policy interventions in key employment sector need to be recommended. 

Recommending measures to enhance trade in services with high employment potential, identifying key macro economic factors constraining exports and suggesting methods to address these constraints, assessing the effectiveness of existing schemes to promote exports, addressing issues related to logistics, export credits and trade facilitation, suggesting ways to enhance the availability of data on trade such that it is reliable, globally comparable and timely, particularly with respect to trade in services are the other outlined steps.