As India positions itself as a global manufacturing powerhouse under initiatives like “Make in India,” a persistent labor shortage in the sector is emerging as a critical bottleneck. With the economy experiencing robust growth, the manufacturing industry faces acute skilled worker deficits, potentially stalling output and exacerbating unemployment. This shortage...
India’s manufacturing sector, often hailed as the engine of economic growth, is facing a paradox. On one hand, the country is witnessing record investments in industrial infrastructure and ambitious government campaigns like Make in India. On the other hand, factories across key industrial clusters are struggling to find workers to...
Jayan Jose Thomas, Professor of Economics at the Indian Institute of Technology Delhi, asserts that on a macro basis, India does not face labour shortage, though it may be relevant for specific regions during specific periods. Therefore, the role of technology has to be of providing value addition that will...
Prof. Brajesh Jha, Institute of Economic Growth, asserts that labour shortage is a critical issue to be tackled for strengthening India’s agriculture sector. He suggests that the non-agricultural sector in the rural hinterland must be strengthened for enough off-farm opportunities for agricultural workers (landholders) to improve their viability IBT: We...
The new labour codes aim to boost ease of doing business, promote new enterprise & investments and also provide protection to all classes of workers, including gig and platform workers. But how implementable are these objectives in practice? The Indian Parliament has introduced four labour codes to replace 44 labour...
Professor Binod Khadria, South Asia Chair Metropolis Asia, and Former Professor of Economics, Education and Migration at Jawaharlal Nehru University opines that organisations need to come up with innovative solutions to solve India’s employment problem. Consistency of quality in Indian products is not at par with international standards. The rate...
India can use the COVID-19 pandemic as an opportunity to correct aberrations in its employment structure and strengthen manufacturing competitiveness in key sectors including electronics, automobiles, auto parts, processed food and beverage, paper, plastics, furniture etc. India is an outlier in terms of structural shift in labour employment as it...
Dr Arpita Mukherjee, ICRIER, believes that the COVID-19 pandemic has fast tracked the adoption of technology in manufacturing, thereby making it critical for companies to have a high-skilled workforce. She cautions that this is a particularly difficult time for SMEs, who have to struggle for access to financial resources, push...
• COVID-19 has led to a major impact on the world of work, as the global economy is expected to contract by around 3% in 2020. • ILO study COVID-19 World of Work of 29th April 2020 shows through the nowcasting model that the average global working hour has declined...
Prof Jeevant Rampal, IIM Ahmedabad, supports the argument that after safety has been ensured to the extent possible by improving health facilities rapidly, India can bounce back economically using expansionary fiscal measures financed by higher fiscal deficits. IBT: Post-lockdown, India is seeing some positive trajectory in numbers pertaining to unemployment...
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