Urbanisation, as a natural complement to manufacturing, can act as a powerful catalyst for economic development. Cities are not just hubs of economic activity; they are engines of creativity, collaboration, and innovation. Historically, urban agglomerations have driven economic transitions by fostering dense networks of production, services, and ideas. For India, a deliberate strategy to develop second- and third-tier cities could help alleviate the pressures on overburdened metros while spreading economic opportunities more evenly. The historical legacy of urban development ipl online betting in India presents both challenges and opportunities.

• It enables workers, especially low-skilled, to meet industry needs and access quality jobs.
• For young workers — between the ages 15 and 29 — looking for jobs, the unemployment rate under CWS is consistently around per cent of the total in the last five quarters.
• Data on already over-saturated skilling courses that do not feed into the employment market must be collated to prevent the useless pumping of resources into such dead ends.
• For years, India’s labour ecosystem resembled a dusty filing closet, layered, confusing and waiting for someone brave enough to open it.

India’s Manufacturing PMI slips to 56.6 in November, Job creation falls to 21-month low: HSBC

With over 100,000 startups, ranging from tech startups in India to e-commerce logistics companies in India, it’s not just about unicorns and billion-dollar valuations. Startups are powering job creation, innovation, and global recognition for India. Investors talk of a “K-shaped” economy, in which growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish. Job creation and overall economic growth, which usually move in tandem, have diverged. Jerome Powell, the central bank’s chair, calls the loosening “risk management”, or insurance against a deeper downturn. Christopher Waller, a contender to replace Mr Powell, is pushing for further and faster cuts, beginning at the next meeting on December 10th, to support a weakening jobs market.

For millions of Indians who have longed for ‘Acche Din’ since the last election, it would be a crushing disappointment if the bright future that the Prime Minister had promised does not arrive in near future. Whether in the US or India, the principal challenge for policymakers today, is to create, not just growth, but growth with jobs, and not just jobs but good jobs. Inadequate skilling infrastructure, weak social security, and sectoral job imbalance. By including both formal and informal workers and ensuring fair labour rights.

Ethanol: EBP programme delivers over Rs 1.36 lakh crore in payments to farmers from…

By bridging the digital divide, this initiative will generate employment in digital infrastructure development, offering new avenues for technicians, engineers, and service providers. The project’s rollout will catalyse socio-economic growth in rural India, empowering local communities with enhanced connectivity and digital literacy. The real estate sector, and consequently construction jobs, were in turmoil even before the pandemic hit. Property developers have a mountain of debt and so cannot get funding for new projects. Most migrant labour workers in cities like Mumbai are in the construction sector, meaning not only have they steadily lost jobs but with the exacerbated economic stress of the pandemic, they must be rehabilitated into new avenues, quickly. Repatriation is likely to take up a large chunk of the next few years, at least.

Trending Stories

After a succession of droughts and the misadventure of demonetisation, the farming sector is indeed in distress. It would be timely to pay serious attention to the improvement of agricultural productivity. If farm incomes go up, they add to the market for industrial goods and services. Indeed, the NSS data shows that high-value agricultural goods like dairy, poultry, and horticulture in unprocessed and processed form are the sort of goods that rising urban incomes spill into. They respond to local tastes and can more easily withstand the pressure of foreign imports.