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This presentation by Mr. Ajay S. Shriram, President of CII, highlights the need for accelerating economic growth and creating employment in India. It emphasizes the role of government, industry, civil society, and citizens in achieving this agenda. The presentation discusses challenges related to job creation and suggests various solutions, including improving the education system, skill development, rejuvenating economic growth, promoting the manufacturing sector, attracting investments, ease of doing business, enhancing export competitiveness, legal and regulatory reforms, labor law reforms, and promoting entrepreneurship.
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CII Theme for 2014-15 Presentation by Mr Ajay S Shriram President, CII 27 March 2014 : New Delhi
CII Theme – Over the years 1992-93 Industry Initiative for Economic Growth 1993-94 Building a Strong and Internationally Competitive Economy 1994-95 Building Partnerships for Economic Growth and Efficiency 1995-96 Transforming Indian Industry into World Class Excellence 1996-97 Enduring Alliances – Sustainable Growth 1997-98 Action for Growth through Networking 1998-99 Preparing India for the New Millennium 1999-2000 Preparing for the Next Millennium 2000-01 Managing Globalisation in the New Millennium 2001-02 Driving Growth Through Competitiveness & Infrastructure 2002-03 Competitiveness of Indian Inc.
CII Theme – Over the years 2003-04 Competitiveness of Indian Inc: Building Indian MNCs 2004-05 Competitiveness of Indian Inc: Building for Growth 2005-06 Sustainable Competitiveness of India Inc. 2006-07 Competitiveness for Sustainable and Inclusive Growth 2007-08 Building People – Building India 2008-09 India@75: The Emerging Agenda 2009-10 India@75 – Economy, Infrastructure, Governance 2010-11 Business for Livelihood – Employability, Education, Entrepreneurship, Innovation 2011-12 Business for Livelihood – Affirmative Action, Skill Development, Governance 2012-13 Reviving Economic Growth: Imperative of Reform & Governance 2013-14Accelerating Economic Growth : through Innovation, Transformation, Inclusion and Governance
CII Theme for 2014-15 Accelerating Growth, Creating Employment
This is an agenda for Government, Industry, Civil Society and Citizen Each has a role to play and is an integral partner in the growth of India Each has to see benefits from India’s growth
Challenges of Job Creation are Linked to Multiple Economic Dimensions Education System Should be responsive to market needs to enhance the employability of the workforce and make them contribute to the production process Skill Development The skill development endeavour has to be accelerated and greatly scaled up in a joint effort of Government, industry and civil society
Challenges of Job Creation are Linked to Multiple Economic Dimensions Economic Growth To raise the quality of jobs available to new entrants to the workforce, it is essential to rejuvenate growth to at least 7 per cent by the end of the year Manufacturing Sector Growth Given that large sections of the workforce are moving off the land and that the demand is for less-skilled jobs, it is the industry sector that would have to be promoted to provide such jobs. Employment-intensive mass manufacturing sectors would be central to the endeavor.
Challenges of Job Creation are Linked to Multiple Economic Dimensions Investments Rejuvenating investments and making them more efficient is a top priority. New investments and projects including in infrastructure, power and manufacturing can strengthen the environment for job creation Ease of Doing Business A business climate that fosters entrepreneurship and promotes new business ventures and expansion of existing ventures with stability and clarity is the best way to create employment opportunities
Challenges of Job Creation are Linked to Multiple Economic Dimensions Export Competitiveness India needs to increase its presence in top globally traded goods and services, which is also a key avenue for job creation domestically. Overseas investors have a significant role to play in plugging India into global supply chains Legal and regulatory architecture India’s legal and regulatory framework should be geared towards employment-creation and in line with global best practices
Challenges of Job Creation are Linked to Multiple Economic Dimensions Labour Law Reforms Need to work towards more flexible Labour Laws Entrepreneurship Promoting entrepreneurship is vital to expanding opportunities for livelihood and employment. In particular, startups must be encouraged