Education and Skills Development
o Enhance quality and accessibility of education across all demographics, focusing on marginalized communities.
o Promote vocational training and skill development aligned with industry needs to enhance employability.
o Invest in digital literacy and technological skills to meet the demands of a digital economy.
Employment Generation
o Foster a conducive business environment to attract investments and promote job creation.
o Encourage entrepreneurship and provide support for startups.
o NITI Aayog estimates that the number of gig and platform workers is likely to increase from 7 million in 2020 to more than 20 million in 2030, assuring social security to them will assimilate the human capital to the formal sector.
Healthcare and Well-being
o Strengthen healthcare infrastructure and services to improve health outcomes and reduce dependency ratios.
o Focus on preventive healthcare measures and nutrition programs to address health disparities.
o Promote mental health awareness and support systems to enhance overall well-being.
Inclusion Growth and Gender Equality
o Implement policies promoting gender equality and empowerment, ensuring equal access to education and employment.
o Support initiatives that enhance social cohesion and reduce inequalities.
o According to International Labour Organization estimates, only 24% of women were participating in the workforce in 2022, so getting more women to enter the workforce will be pivotal for future growth.
Infrastructure Development
o Invest in robust infrastructure development, including transport, energy, and digital connectivity.
o Improve urban planning and development to accommodate rapid urbanization and migration trends.
o Ensure sustainable infrastructure projects that support economic growth and enhance living standards.
Shifting from Agriculture to Formal Sector:
o The share of employment in agriculture has increased from 4% in 2018-19 to 45% in 2022-23, while only 20% of employed are engaged in wage employment, and approximately 9% are in formal wage employment.
o Shifting the workforce to the formal sector will help in addressing the issue of disguised employment.
Policy and Governance
o Formulate and implement comprehensive policies that prioritize demographic dividend considerations.
o Strengthen governance mechanisms to ensure effective implementation of initiatives.
o Foster collaboration between government, private sector, and civil society to address systemic challenges and promote inclusive growth.
Continues………….