The Survey’s lead author, India’s Chief Economic Advisor V. Anantha Nageswaran, highlighted the need for businesses to strike a balance between deploying capital and labour. He pointed out the lack of timely data on the absolute number of jobs created in various sectors, which hampers objective analysis of the labour market.
He stressed that while the present unemployment situation is influenced by multiple factors like the COVID-19 pandemic, it is essential to create conditions for faster growth of productive non-farm jobs. To cater to the rising workforce, the Indian economy needs to generate almost 78.51 lakh jobs annually in the non-farm sector. AI can play a pivotal role in achieving this target by revolutionizing various industries and creating new employment opportunities.
AI’S POTENTIAL TO DRIVE NON-FARM JOB CREATION
AI’s integration into various sectors can significantly contribute to reaching the ambitious goal of generating 78 lakh non-farm jobs annually. The manufacturing sector, traditionally a robust job creator, has faced challenges in recent years. AI can revitalize this sector by enhancing productivity and fostering innovation. AI-driven automation can streamline production processes, reduce waste, and improve quality control, making Indian manufacturing more competitive globally.
This increased efficiency can lead to higher demand for skilled labour to manage and maintain AI systems, thus creating new job opportunities. In the services sector, AI can open up a plethora of employment avenues. For instance, AI can enhance customer service operations through chatbots and virtual assistants, requiring human oversight and continuous improvement. Moreover, AI-driven data analysis and cybersecurity solutions are burgeoning fields that necessitate a skilled workforce, thus generating numerous high-paying jobs.
هذه القصة مأخوذة من طبعة August 04, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 04, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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LANDMARK VERDICTS BY CJI CHANDRACHUD
DY. Chandrachud, who served as the 50th Chief Justice of India, retired from his post on Friday. Here isa snapshot of some of the most significant verdicts that he delivered.
SBI's net profits soar 28% in July-September quarter
SBI's net interest income rose 5.37 per cent to Rs 41,620 crore in the September quarter. Both quarters combined, it grew 5.54 per cent to Rs 82,745 crore.
Scalene Coffee Research Organization develops COPTERS
Scalene Coffee Research Organization, a member of Organisation De Scalene Foundation, a global leader in sustainable technology innovations, announces the launch of COPTERS (Coffee Pulping Water Recovery System) Technology, a groundbreaking water recovery system developed to reduce water wastage in the coffee pulping process drastically by recovering almost 90% of pulped water.
HealthEdge expands employer presence in India
HealthEdge, a visionary leader in the healthcare technology industry, proudly announces the opening of its new office in Bangalore.
HIT SIGNS MOU WITH GLOBAL CYBER UNIVERSITY
Hindustan Institute of Technology and Science (HITS) has strengthened its international ties by signing a renewed and extended MoU with the Global Cyber University (GCU) of South Korea.
MANAGEMENT CHANGES BEFORE AIR INDIA-VISTARA MERGER'
A head of the Air India and Vistara merger scheduled on November 12, the Air India Group on Friday announced a number of management changes.
India will develop complete solar manufacturing ecosystem in 4-5 years
India will develop the complete ecosystem of solar equipment manufacturing in the next four to five years compared to other countries which have taken over 20 years says Vineet Mittal, Founder and Chairman of Avaada Group.
Same sex marriage not legal in India
LGBTQ COMMUNITY
Sabarimala Temple
On 28 September 2018, a 4:1 majority of the Supreme Court held that barring women of menstruating age from entering the Sabarimala temple was unconstitutional.
WHAT CJI SAID
Not every resource owned by an individual can be considered a material resource of a community only because it meets the qualifier of material needs.
