Get In Touch
Tmapril cpver 104x80.jpg
Current Issue

animation-neutral-tts-300x100' width='300' height='100' border='0

Job creation is most important for overall prosperity

By Swati Sanyal Tarafdar,

Added 18 May 2015

Writes VC NITI Aayog in his blog: "agricultural growth and the expansion of good jobs in industry and services can go hand-in-hand to bring rapid elimination of poverty and shared prosperity for all"

The NITI Aayog website can be accessed at http://www.niti.gov.in

Dr. Arvind Panagariya, Vice Chairman, NITI Aayog, launched the beta version of NITI Aayog website that will provide the details of the constitution, its functions, and current activities, in the presence of Sindhushree Khullar, CEO, NITI Aayog and members Dr. Bibek Debroy and Dr. V. K. Saraswat.

The website can be accessed on the following url: http://www.niti.gov.in

The reports prepared by the institution in its initial stages have also been shared on the website.

The website has a unique feature of NITI Blogs, which will incorporate articles, field reports, work in progress, and opinions by NITI officials.

In his first blog post, the Panagariya has underlined the importance of job creation in industry and services for overall prosperity of the nation.

"There can be little disagreement that the fastest relief to the poor in India would come from productivity growth in agriculture. This is where nearly half of the workforce is employed. With the share of agriculture in the GDP at about 15 percent now, this half of the workforce is also significantly poorer than the other half, employed in industry and services.

But in the longer run, the potential of agriculture to bring prosperity to a vast population remains limited. Over long periods, experiences such as that of Madhya Pradesh during 2011-12 to 2013-14 whereby agriculture grew in excess of 20 percent annually are rare.

In the recorded Indian history, the fastest that agriculture has grown nationally over a continuous ten-year period has been under 5 percent. Put another way, in countries experiencing growth rates of 6 percent or more over long periods, overwhelmingly, industry and services have grown substantially faster than agriculture," he wrote.

Continued to next page

 

comments powered by Disqus