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Govt constitutes a task force to address key issues of employment and exports

With employment prospects in the country nosediving as GDP growth remains stunted and exports not picking up to the extent desired to shore up the foreign exchange reserves, the government has constituted a task force to address both the vital issues

To provide a major thrust to job creation by enhancing India’s exports, an Expert Task Force has, today, been constituted with the NITI Aayog Vice Chairman, Dr. Rajiv Kumar, as its Chairperson.

While the Indian workforce has high aspirations, a majority of the workers are still employed in low-productivity, low-wage jobs in small, micro and own-account enterprises.

An urgent and sustained expansion of the organized sector is essential to address India’s unemployment and under-employment issue. An important strategy is also to enable a shift towards more labour-intensive goods and services that are destined for exports. Given the importance of exports in generating jobs, India needs to create an environment in which globally competitive exporters can emerge and flourish.

The steps outlined by the taskforce to address this challenge of creating well-paid, formal sector jobs, include:

Proposing a comprehensive plan of action to generate employment and alleviate under-employment in both goods and services sectors and low wages by boosting India’s exports in key labour-intensive industries

Recommending sector-specific policy interventions in key employment sectors and measures to enhance trade in services with high employment potential

Identify key macroeconomic factors constraining exports and suggesting methods to address these constraints and   Assessing the effectiveness of existing schemes to promote exports

Addressing issues related to logistics, export credits and trade facilitation and suggesting ways to enhance the availability of data on trade such that it is reliable, globally comparable and timely, particularly with respect to trade in services.

Members of the Task force include CEO, NITI Aayog, Secretary, Department of Commerce, Secretary, Department of Industrial Policy and Promotion, Secretary, Department of Economic Affairs, Secretary, Ministry of Textiles. Leading economists and industry experts are also members of the Task Force, which will submit its report by November 2017.

The task force will be headed by Vice Chairman NITI Ayog and comprise  CEO, NITI Aayog – Member,Secretary, Department of Commerce -- Member, Secretary, Department of Industrial Policy and Promotion -- Member,  Secretary, Department of Economic Affairs – Member, Secretary, Ministry of Textiles -- Member,  Rajeev Kher, former Secretary, Department of Commerce – Member, Ajit Ranade, Chief Economist, Aditya Birla Group,  Praveen Chakravarty, Senior Fellow, IDFC Institute, Dr. Jayanta Roy, formerly of The World Bank -- Member,  Harish Ahuja, MD, Shahi Exports – Member, D. Shivakumar, Chairman and CEO, PepsiCo, India – Member,  Sunil Vachani, Executive Chairman, Dixon Electronics – Member,  Dipak Deva, CEO, Kuoni Travels, former President WTTDC, and  Dhiraj Nayyar, OSD, NITI Aayog -- Convener. 

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