Imp for Mains
Value addition points for answer writing; based on editorial written by Rangarajan
Strategising enhanced employment
- next 3 decades
- india at unique position with largely employable population
- Projections 2023 acc. to UN
- 68.9% working age population
- 31.2% dependency ratio at it’s lowest
- Conclusion made
- allocation of resources for training and skiling
- High absorption of labours in non-agricultural activities
- absorbing labours substituted by tech
- AI for enhancing labour productivity
- Climate initiatives by India
- 2027 - carbon neutral
- 1B tonnes reduction by 2030
- green grid initiative
- OSOWOG - one sun one world one grid
- electric vehicles
- ethanol blending
- hydrogen fuels
- increasing service sector which is climate friendly
Fiscal Responsibility
- fiscal deficit to 6%
- debt to GDP 60%
Way forward
- raising savings and investment rates
- improving skill acquisition of young entrants to labour market
- adopting a technology mix which is employment friendly