Fellow ministers, representatives from international organizations, ladies
and gentlemen, I believe it no longer needs any emphasis that employment forms the core of a sustainable development strategy. The correlation between poverty alleviation and sustainable quality employment generation was never clearer than it is now. And so, employment generation is the biggest priority for India at this juncture. Now, India is a nation with a higher proportion of younger population. We have the largest youth populace in the world. Almost three fifth of our population is under the age of 30, and the demographic dividend is seemingly in our favour. However, in this context, we are only as strong as quality and skill in the workforce and employment opportunities for our youth allow us to be. And while we count the benefits of this demographic dividend, we are also conscious of the rapidly growing ageing population and the persistent high level of poverty. Generation of quality employment, requiring certain levels of skill across all spheres, social and geographical is therefore the only sustainable policy response to achieve inclusive and lasting growth. Besides including youth employment as a primary issue to be tackled in our national employment policy, we have taken concerted efforts to impart the youth with adequate skill requirements suitable for high productive jobs. Increased employability and productivity creates a chain reaction, a cycle of increased production, increased revenue stream and consequently increased GDP follows, where such a rise is reflective of lower strata of the society as well, which is our goal at the end of the day. We have created an entire new ministry to focus and work on this issue in a streamlined manner. The Ministry of Skill Development and Entrepreneurship aims at the massive mission of skilling our manpower. National Skill Development Corporation and Prime Minister’s Skill Development Scheme are two umbrella setups driving our mission. We have taken a sector specific approach to the challenges of imparting skills, as we believe that it addresses these challenges in a more efficient manner. Under this, 33 sector skill councils have been identified, and we have ensured a proactive involvement of industry in our endeavour. Launched almost three years ago, the Skill India mission has flourished and become a national movement, bringing together multiple stakeholders on a common platform, to maximise the potential of India’s youth. The efforts to create new, productive jobs have been supplemented with the policy initiative to ensure payment of wages not less than a stipulated threshold and increasing the eligibility limit for payment of bonus. And as mentioned before, in my earlier address, the basic rates of minimum wages have been increased by over 40%, and for the first time, all sectors – agricultural, non-agricultural, construction, etc. have simultaneously seen such a growth. Another concern/issue that we have identified and begun to tackle is related to the technological advancement and the pace it has picked up. While it has brought along several new and exciting opportunities and provided platforms to many, it also implies that industries become obsolete very fast. And so it is an absolute must that our skilling interventions and able to keep up with this pace of constant change and advancement. In this context, the ‘Dual Apprenticeship’ model is worth emulation by the industries. We have, in the past, discussed this model in BRICS. We resolve to improve the employability of our workforce through modernisation of skills development systems and life-long learning, which allows worker to remain relevant in this quickly changing world of work environment. In India, we have developed a complete basket of interventions under the National Apprenticeship Promotion Scheme. India is a nation of various beautiful traditions and practices and traditional skills that are passed down from generation to generation, and thus we are also recognising these informally learnt skills so that the wealth of traditional knowledge is formally recognised, and we, as a nation are able to reap its benefits. We look forward to collaboration in the area of skill development, particularly developing matching skill qualification framework for BRICS countries and further sharing the best practices. Having the largest youth population in the world, changes in the world of work will have profound impact on us. India is therefore ready to shoulder her role in determining the future of work. We have engaged with tripartite constituents and other stakeholders in our country in a number of Future of Work events under ILO’s Centenary Initiative. Through these interactions, and others, especially the ones in BRICS, we have got some key insights and messages concerning the future of work, which would help us in addressing the challenges discussed. Youth employment is now a common and dominating labour market issue for all Member Countries, we have agreed. And accounting for nearly half of the global labour force, the sheer size of BRICS means that developments in our labour markets will have major ramifications in the world of work, globally. The BRICS can use their size and status to foster a progressive policy agenda. We must inculcate a shared vision emphasizing sustained commitments to improving labour market and social indicators through appropriate policy interventions. Indeed, we ourselves might become vulnerable to a synchronous growth slowdown. What credible policy options would we have then in making progress towards our shared goals of inclusive growth and productive employment creation? A widely recognised and accepted agenda is that BRICS should implement structural reforms, within a framework of macroeconomic stability. These reforms essentially entail a deregulatory agenda cutting across product and labour markets that would boost growth and employment in the BRICS by unleashing the entrepreneurial energies of the private sector. Our government strongly upholds the principles of this agenda, and I am very eager to get comments of the other Members on the same. At the end of the day, what would matter most in difficult circumstances would be a renewed devotion to the quality and inclusiveness of growth rather than merely focusing on its quantitative dimensions. What would matter, would be our resolution and unwavering commitment to achieving our vision, that of a better and happier tomorrow for us all. I look forward to the succeeding comments. Thank you.