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58 Million job generation in India expected till 2012

By SiliconIndia | Thursday, 02 July 2009, 04:51 Hrs | 3 Comments

58 Million job generation in India expected till 2012

Bangalore: The economic survey presented by Finance Minister Pranab Mukherjee in the Parliament today reports that 58 million jobs are expected to be generated in Eleventh Five-Year Plan period (2007-12).

According to pre-Budget economic survey, employment opportunities are likely to surpass the projection of 45 million, which may help to bring down unemployment in the country to below five percent.

Not going as per tradition, this time non-agriculture sectors are expected to generate more employment. According to the survey, the Plan has identified the labour-intensive manufacturing and services sectors with good employment potential. Such sectors include food processing, gems and jewellery, handloom, tourism and construction.

The survey said, "It is expected that agriculture sector may not contribute towards any increase in employment during the Eleventh Five Year Plan."

The report said the Five-Year Plan seeks to reduce underemployment and moving surplus labour in the agriculture sector to more gainful employment in the non-agricultural sector with higher wages.

Due to negative employment growth rate in the public sector during the period of 1994-2006, the employment growth in both private and public sector has dropped to 0.12 percent. Growth in jobs in the organized sector stood at 1.20 percent in the 1983-94 period, with the public sector accounting for 1.53 percent of the total.

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Reader's comments(3)

1: Hope the unemployment percentage come down. In current scenario, out of every 20 people two die of hunger in our country.

Posted by:gitu - 02 Jul, 2009

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Yes! Agriculture is the backbone for india always. technical, industry side we should raise the bar, but should not forget Agriculture side as well.

Raju Swargam Replied to: gitu - 03 Jul, 2009

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Employment will not reduce hunger anyway! But if all are employed in non agricultural fields and remaining 5% dont have lands , then we will be in same situation as so called Industrial countries! I think , agricultural activities should also be encouraged equally , that too with coming renewable energies , i can surely tell , one thing who earned good or better in SW now are setting huge diaries and agricultural lands for fruits and vegetables! Dont forget 1 crore education skills are for food and survival!
Without agriculture its dependency! Dont forget the person who said Indias future lies in villages and lands!

Agriculturist Replied to: gitu - 02 Jul, 2009

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