Making a case for promoting highly productive and well-paid jobs, Niti Aayog has said that not unemployment, but a “severe under-employment” is the main problem facing the country.
The government thinktank, in its three-year action plan released last week, said that a focus on the domestic market through an import-substitution strategy would give rise to a group of relatively small firms behind a high wall of protection.
“Contrary to some assertions that India’s growth has been ‘jobless’, the Employment Unemployment Surveys (EUS) of the NSSO have consistently reported low and stable rates of unemployment over more than three decades. Indeed, unemployment is the lesser of India’s problems. The more serious problem, instead, is severe underemployment,” it said.
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