The Niti Aayog’s report said the Employment Unemployment Surveys of the National Sample Survey Office consistently reported low rates of unemployment over more than three decades. Photo: Pradeep Gaur/MintNew Delhi: “Severe underemployment” and not unemployment is a more serious problem as a job that needs to be done by one person is often performed by two or more workers, says the government’s policy think tank Niti Aayog. In its draft three-year action agenda report for 2017-18 to 2019-20, the Niti Aayog stressed on the need for creating high-productivity and high-wage jobs. The draft report was circulated among the governing council members (consisting of chief ministers of all states and others) of the Niti Aayog on 23 April. Citing the example of China’s ageing workforce, the Niti Aayog stressed on attracting big firms working in that country to India which has availability of large workforce at competitive wages.

Source: Mint May 28, 2017 10:30 UTC