The Indian government has woken up to the need for systematic and regular collection of employment data, which can be analysed to provide valuable insights into the job market.
A meeting is already being planned, to be chaired by Labour and Employment Minister Mansukh Mandaviya, which will be attended by representatives from various departments and at least 20 ministries.
An integrated mechanism, for collecting and studying employment-related data, it is hoped, will help generate more and better jobs. Additionally, the process will help identify the issues and trends in the job market. It is eventually expected to result in the creation of a framework that will connect job seekers with job opportunities, and also help ensure that job seekers are provided the in-demand skills through training.
While there are government schemes in place for creating jobs, there is no mechanism in place to find out whether quality jobs are really being created as intended via these schemes or initiatives. By addressing this gap, the government hopes to come up with the required interventions and measures in time to benefit job seekers. This can be a huge challenge given the fact that the number of new job seekers grows by about eight million every year.
As per the Union Budget 2024-25, five schemes have been introduced for job seekers and their skilling. These schemes will not only provide skilling and upskilling opportunities but will also create job opportunities for the youth of the country.
