Question 14GS3GS3

Examine the importance of creating quality jobs in the formal sector for achieving better income distribution in India. In this context, discuss the role of expanding the manufacturing sector.

Introduction

Formal sector helps to other sector of economy where job security is other allied issue security governing like pension and insurance. In India 85% of people work in INFORMAL sector

30 words

Main Body

Importance of Quality Jobs in Formal Sector: 1) higher remuneration jobs of IT sector average pay is 8-k-1 table p.a. 2) costs higher demand in economy leading to virtuous cycle of growth. 3) Boost to assisted service sector like entertainment, food industry of Delhi, Mumbai Role of Expanding Manufacturing Sector: 1) Would-throwing sector contribute only 15% to GDP and high potential to uncover it to 25%. 2) Can become Indian competitive advantage due to presence of cheap labor. 3) Capture Christ moment and shifting supply chains. 4) Provide jobs in textile, storing reducing pressure on Trial farms. 5) Can become Indian competitive advantage due to presence of cheap labor. 6) Capture Christ moment and shifting supply chains. 7) Multiple effects in form of long term economic strength of self-reliance.

4higher tax base for government which can be spit in human capital investment. 5) Boost female labor force participation rate triggering the demographic dividend. 6) Ends to household economy being to higher economic efficiency. 7) Correct the sectoral imbalance by reducing the measure in agriculture @ 43% there presently.

2High cost of procurement - becomes difficult when government already running high fiscal deficit. 2) Lack of storage facilities with FCI for all prominent. 3) distorts the agriculture market by distorting the price of usp. 4) Goes against WTO subsidy norms. 5) Create perverse incentives against reducing dependence on government. 6) Lack of permanent infrastructure in time of navies, market connectivity. 7) failure to procure can lead to lengthy legal battles in courts

253 words1 paragraphs

Conclusion

Manufacturing sector needs to be pushed through factor market reforms, vocational investments, facilitating trade policies etc to realize the goal of Visited Bharat by 2047

25 words

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Page 29

Topper

Animesh Jain

AIR 632020

Subject & Paper

GS3GS3

Topic

Economic Development

Employment related issues

Writing Stats

308

Total words

Paragraphs