India to look beyond the IT sector for creating jobs for its growing labour force : UN body
Babu Ghanta
Mar. 31, 2006

It is just naive to even imagine that a country can survive on IT jobs forever. India's approach to solving its worsening job outlooks for the youth in the main street and the rural sector is dismal and outright naive. The country has made all its citizens focus on IT sector. In the coming IT depression, India will face massive unemployment, depression and distress.

According to media reports, a UN body has asked India to look beyond the IT sector for creating jobs for its growing labour force.

"Can the revolution in the Information Technology sector in India resolve India's unemployment problems and the other ills in its labour markets? Certainly not," the Economic and Social Commission for Asia and the Pacific survey said on Thursday. ESCAP, a regional arm of the United Nations, said that IT sector accounts for less than one per cent of GDP in India and employs fewer than one million people out of a total labour force of 450 million, "so the sector's quantitative significance is limited", it said.

Given its growing labour force, India has to think beyond the IT sector and pay attention to the need of non-elite strata of the society and use agriculture, manufacturing and services sectors for job creation.

Stating that some umemployment issues are policy-induced and others emanate from cultural and political ideologies, the survey suggested introduction of sound macro-economic policies supported by credible labour market policies and reforms.

"A distortion-free, flexible labour market would permit resources to be reallocated efficiently at times of external and policy-induced shocks," it said.

In a globalised economy the ability of the public sector to generate adequate employment on its own is limited so it should provide a conducive environment for the private sector to create job opportunities.

India to look beyond the IT sector for creating jobs for its growing labour force : UN body
Babu Ghanta
It is just naive to even imagine that a country can survive on IT jobs for ever....
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