Monday 25 March 2019
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business-standard - 10 days ago

Urgent need to address threat to employment due to technological advancement: Kant

Threat to employment due to technological advancement must be adequately addressed in time, else it can have disastrous repercussions on the country s future generations, warns NITI Aayog CEO Amitabh Kant. He says that more than half the Indian population lies below 25 years of age and each year an increasing proportion of young adults will be added to the workforce. By estimates of the labour ministry, this would amount to an increment of over 10 million people each year. As per the UN data on world population, the working age population - that is, those between the ages of 15 and 64 - will continue to expand until 2050, he says. In case this burgeoning section of the population is not provided with adequate employment opportunities, India would fail to cash in on a rare opportunity of a demographic dividend, he warns. According to Kant, if the threat to employment is not immediately addressed, it can have serious repercussions on India s future generations. This has a lot to do

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