ID :
129056
Tue, 06/22/2010 - 08:06
Auther :
Shortlink :
https://www.oananews.org//node/129056
The shortlink copeid
India may boast of 25% of world's workforce by 2025: Survey
New Delhi, Jun 21 (PTI) India can boast of a quarter of
the world's workforce by 2025, provided the country harnesses
the potential of its young and productive population, a study
by staffing firm TeamLease Services has said.
A conducive labour situation could also help push the
nation's per capita income to a USD 4,100 (around Rs 1,87,554
at an exchange rate of Rs 45.74 per dollar) by 2025, according
to the 'India Labour Report 2009', released in partnership
with IIJT Education.
The report, however, stated that a radical reform of
the country's labour market ecosystem (including labour
demand, labour supply and labour laws) is required for
converting individuals into productive people comprising the
workforce.
The population of productive people is referred to as the
demographic dividend of the country.
"If we harness this dividend by 2025, India will not only
have 25 per cent of the world's total workforce, but our per
capita income will be USD 4,100," the report said.
"This would rise to USD 9,802 in 2040 and USD 20,836 in
2050. This will finally put poverty in the museum it belongs,"
it added.
The report cautioned that the demographic dividend would
become a disaster if India does not radically overhaul the
labour ecosystem to enhance the productivity of the growing
workforce.
"India's geography of work is creating a tragedy because
jobs are being created in different areas from where people
who need them are. But demographics are not destiny and states
can bend the curve with a radical overhaul of their education,
employability and employment regime," TeamLease Services
Chairman Manish Sabharwal said.
If reforms are not initiated, it is expected that much of
the country's demographic dividend would occur in states with
backward labour market ecosystems.
It is expected that between 2010-20, UP, Bihar and MP
would see the percentage of their population in the 15-59 age
group increase by 40 per cent, though they would only enjoy a
10 per cent rise in income.
During the same period, Maharashtra, Gujarat, TN and
Andhra Pradesh would account for 45 per cent of the rise in
GDP, but less than 20 per cent of the addition to the total
workforce in the 15-59 age group. PTI MBH
RBT
the world's workforce by 2025, provided the country harnesses
the potential of its young and productive population, a study
by staffing firm TeamLease Services has said.
A conducive labour situation could also help push the
nation's per capita income to a USD 4,100 (around Rs 1,87,554
at an exchange rate of Rs 45.74 per dollar) by 2025, according
to the 'India Labour Report 2009', released in partnership
with IIJT Education.
The report, however, stated that a radical reform of
the country's labour market ecosystem (including labour
demand, labour supply and labour laws) is required for
converting individuals into productive people comprising the
workforce.
The population of productive people is referred to as the
demographic dividend of the country.
"If we harness this dividend by 2025, India will not only
have 25 per cent of the world's total workforce, but our per
capita income will be USD 4,100," the report said.
"This would rise to USD 9,802 in 2040 and USD 20,836 in
2050. This will finally put poverty in the museum it belongs,"
it added.
The report cautioned that the demographic dividend would
become a disaster if India does not radically overhaul the
labour ecosystem to enhance the productivity of the growing
workforce.
"India's geography of work is creating a tragedy because
jobs are being created in different areas from where people
who need them are. But demographics are not destiny and states
can bend the curve with a radical overhaul of their education,
employability and employment regime," TeamLease Services
Chairman Manish Sabharwal said.
If reforms are not initiated, it is expected that much of
the country's demographic dividend would occur in states with
backward labour market ecosystems.
It is expected that between 2010-20, UP, Bihar and MP
would see the percentage of their population in the 15-59 age
group increase by 40 per cent, though they would only enjoy a
10 per cent rise in income.
During the same period, Maharashtra, Gujarat, TN and
Andhra Pradesh would account for 45 per cent of the rise in
GDP, but less than 20 per cent of the addition to the total
workforce in the 15-59 age group. PTI MBH
RBT
