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This is an archive article published on May 1, 2009

Jobs cannot be left to mkt forces alone: Govt

Without leaving job creation to market forces,India needs to grow at 9 for the next eight years.

Without leaving job creation to market forces,India needs to grow at nine per cent consistently for the next eight years to achieve near-full employment by 2017,a high-powered Government panel has said.

The country will need policies with focus on unorganized sectors,employing 94-98 per cent of the workforce,the National Commission for Enterprises in the Unorganised Sector NCEUS said in its report submitted to Prime Minister Manmohan Singh yesterday.

It said without changing basic policies 8220;we shall have to wait till about 2017 for a near full-employment situation,only if our economy grows at 9 per cent on average.8221;

The Commission,headed by noted economist Arjun Sengupta,said,8221;Market forces alone may produce a high rate of expansion of India8217;s GDP,but for expanding employment a well-designed set of policies and programmes will have to be adopted and implemented.8221;

It said the share of informal workers in the workforce is not likely to decline. 8220;Hence the problems of quality employment will continue to persist,8221; it said.

The NCEUS,appointed in September 2004,completed its term yesterday,almost coinciding with the UPA Government8217;s tenure.

 

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