NITI Aayog sets ball rolling for big push to services sector

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New Delhi, May 24: The first meeting of NITI Aayog’s high-powered ‘Education to Employment and Enterprise’ Standing Committee has decided to identify actionable recommendations to enhance employability, foster entrepreneurship, strengthen industry-relevant skilling, and accelerate growth in the services sector, according to a statement on Sunday.
The meeting concluded with a shared commitment to transform India’s demographic dividend into a growth dividend, enhance coordinated action among the Centre, states, industry, academia, and the skilling ecosystem, and develop future-ready policy responses for bridging the gap between education, employment, and entrepreneurship, it said.
The committee has been set up with the aim of helping India achieve a 10 per cent share of the global services market by 2047 as part of the government’s commitment to fulfil the aspirations of a youthful India. It will prioritise areas to optimise growth, employment, and exports, assess the impact of frontier technologies, including AI, on jobs and skill requirements, and recommend appropriate measures, it said.
The discussions covered a range of issues, including labour force participation, youth employment, education and skill alignment, the formal and informal economy, and workforce preparedness for jobs. Participants also deliberated on aspects such as the transition of labour towards non-farm sectors, the adoption of frontier technologies, and the need for strengthening industry-relevant skilling pathways. (IANS)

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