{"id":257393,"date":"2023-08-25T20:28:27","date_gmt":"2023-08-25T14:58:27","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=257393"},"modified":"2023-08-29T11:50:33","modified_gmt":"2023-08-29T06:20:33","slug":"how-infrastructure-investments-may-be-slowing-job-creation","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/how-infrastructure-investments-may-be-slowing-job-creation\/","title":{"rendered":"How infrastructure investments may be slowing job creation"},"content":{"rendered":"\n

Source<\/strong>– The post is based on the article \u201cHow infrastructure investments may be slowing job creation\u201d <\/strong>published in \u201cThe Indian Express\u201d <\/strong>on 25th August 2023<\/strong>.<\/p>\n

Syllabus Topic: <\/strong>GS 3- Indian Economy \u2013 Employment and unemployment<\/p>\n

News- <\/strong>In this article the author discusses lopsided development policies which have resulted in fewer job creation for millions of youths who join the labor force every year.<\/p>\n

What is \u2018Growth-Unemployment paradox\u2019 which is observed in case of India?<\/strong><\/h2>\n

India has been the fastest growing economies of the world. India\u2019s growth has attracted headlines. But nearly a quarter of young people are unemployed. This coexistence of high growth and high unemployment is called \u2018Growth-Unemployment\u2019 paradox.<\/p>\n

What are the lopsided development policies which have led to \u2018Growth-Unemployment\u2019 paradox?<\/strong><\/h2>\n

Firstly, <\/strong>India has focused heavily on improvement of physical infrastructure but has fallen behind on human infrastructure like education and skills. Physical infrastructure in the absence of good human infrastructure has slowed the pace of job growth.<\/p>\n

Secondly, <\/strong>India\u2019s infrastructure development has focused largely on Urban areas. However, India\u2019s manufacturing sector is rapidly de-urbanizing <\/strong>and moving away from urban to rural areas to remain competitive. As the rural areas lack the necessary physical and human capital, manufacturing sector growth has slowed down resulting in increased unemployment.<\/p>\n

Thirdly<\/strong>, there has been a lack of focus on infrastructure development in Tier II cities which have the potential to generate 70% of new jobs in the next 20 years.<\/p>\n

What are the measures that must be taken to correct this \u2018Growth-Unemployment\u2019 paradox?<\/strong><\/h2>\n

Firstly,<\/strong> Policymakers must focus upon the development of both physical and human infrastructure in rural areas and tier II cities as the manufacturing sector across the world is witnessing de-urbanization.<\/strong><\/p>\n

Secondly, <\/strong>India must invest heavily in the tertiary education sector which has the potential for development of new age entrepreneurship<\/strong> and subsequent job creation.<\/p>\n

Lastly,<\/strong> the governance system needs to be improved to track the progress of investments and their effects in the field of job creation. Every penny of investment by the government needs to yield jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source– The post is based on the article \u201cHow infrastructure investments may be slowing job creation\u201d published in \u201cThe Indian Express\u201d on 25th August 2023. Syllabus Topic: GS 3- Indian Economy \u2013 Employment and unemployment News- In this article the author discusses lopsided development policies which have resulted in fewer job creation for millions of… Continue reading How infrastructure investments may be slowing job creation<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216,8184],"class_list":["post-257393","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-indian-economy","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/257393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=257393"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/257393\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=257393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=257393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=257393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}