Today's Affairs 16/09/2024
- M.R Mishra
- Sep 16, 2024
- 3 min read
Operation Sadbhav: India has launched Operation Sadbhav to provide humanitarian assistance to typhoon Yagi-affected countries – Myanmar, Laos and Vietnam.
India sent urgent relief materials to Myanmar, Laos, and Vietnam to assist them in dealing with the impact of the major typhoon.
These countries are reeling under massive floods after Asia’s most powerful storm this year hit the three countries.
Another inititiative with common sounding name,
Operation SADBHAVANA’, Indian Army is undertaking multiple welfare activities such as running of Army Goodwill Schools, Infrastructure Development Projects and Education Tours etc. for the children living in remote areas of Union Territory (UT) of Ladakh.
To improve the standard of education and to provide them with quality education, Indian Army is presently running seven (07) Army Goodwill Schools (AGS) under ‘Operation SADBHAVANA’ in Ladakh Region. More than 2,200 Students are currently studying in these schools.
In addition, a total of Rs 8.82 crore of ‘Operation SADBHAVANA’ funds have been allotted for the Union Territory of Ladakh during the current financial year 2022-23.
The funds are being utilised for various activities like Human Resource/Skill Development, Sports, Healthcare, National Integration, Infrastructure Development, Ecology, Environment and Education.
2.Low- & high-skilled jobs(GS-3): Gap rising as manufacturing stagnation continues: Over the past two decades, India’s economic growth has increasingly been driven by the services sector, particularly in Information Technology (IT), banking, and finance. But the expansion of the services sector since the turn of the century has coincided with a noticeable decline in traditional industries such as apparel and footwear, which provide livelihoods for millions of low-skilled workers.
The stagnation in manufacturing, which continues to remain at around 14 per cent and well short of the targeted 25 per cent, has exacerbated the divide between high-skilled and low-skilled jobs.
Although job creation and income levels for a large pool of qualified IT professionals have increased, particularly with multinational companies establishing data analytics and software development hubs known as Global Capability Centres (GCCs) in India, the country’s manufacturing weaknesses have caused it to fall behind Bangladesh in textiles, Thailand in machinery, and Vietnam in electronics.
This has led to a consistent decline in the creation of low-skilled jobs across the country.
Economists have highlighted that a country with a population of 1.4 billion cannot rely solely on the services sector and will need all sectors of the economy to contribute to job creation.
According to the Economic Survey 2023-24, India needs to create nearly 7.85 million jobs annually in the non-farm sector to accommodate the growing workforce. However, the Centre for Monitoring Indian Economy reported that the national unemployment rate surged from 7 per cent to 9 per cent in June 2024.
Here are the key points of the article:
Widening job gap: India faces a growing divide between low- and high-skilled jobs, with few opportunities for low-skilled workers as manufacturing stagnates.
Stagnant manufacturing sector: Traditional industries like textiles and footwear are in decline, reducing job creation in low-skilled sectors.
Growth in services: India’s economic growth has been driven by the services sector, particularly IT and finance, leaving out many low-skilled workers.
Global competition: Countries like Bangladesh and Vietnam are outperforming India in manufacturing due to their stronger participation in global trade.
Unemployment concerns: India's unemployment rate has risen to 9%, highlighting the need for stronger job creation.
High tariffs and limited trade: India's high tariffs on imports and low participation in global trade limit its ability to create more jobs, especially in the manufacturing sector.
Need for manufacturing focus: Economists argue that a country of 1.4 billion people can't rely solely on services and must strengthen its manufacturing to generate more jobs.
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