Ensuring Employment Growth through Innovations, Taking Allied Sector to Newer Heights (May 2021)

⪻ Articles ⪼

In India 31 percent are between the age of 18 and 35 yearsInnovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth According to the Indian Staffing Federation (ISF) research, the future is set to see another three million new jobs in the IT space, catapulting India՚s tech army to reach 7 million by 2023

Ensuring Employment Growth through Innovations

  • The new-age jobs are envisioned to spawn in emerging technology areas such as the Internet of Things (IoT) , Artificial Intelligence (AI) , Machine Learning (ML) , big data, blockchain, Augmented Reality (AR) and data science
  • Mobile learning is significantly flourishing in India, providing affordable, accessible and quality education to a huge populace in India.
  • Telecom Sector Skill Council (TSSC) has predicted that it will produce 14.3 million new jobs in the upcoming decade.
  • In the automobile sector, AI and Internet of Things, IoT, are the biggest digital tools to bring large-scale transformation, augmenting vehicles with high-tech concepts from connected-mobility to self-driving cars
  • The country՚s first biotech startup Biocon was started in 1978 as a garage start-up, with just 03 employees in an era where innovation and entrepreneurship were unheard of. Today, it is an innovation-led global biopharmaceuticals company that is catering to the unmet global need for affordable life-saving medicines. Besides making a huge impact on global healthcare, Biocon has, over the years, created over 12,000 direct jobs besides having a multiplier effect on employment through the several ancillary businesses it relies on or supports. Similarly, Infosys sowed the seeds of India՚s US $ 180 billion information technology industry that employs over four million people directly and has created 12 million indirect jobs.
  • Ministry of Electronics and Information Technology (MeitY) has approved a Technology Incubation and Development of Entrepreneurs (TIDE 2.0) Scheme being implemented by its Innovation and IPR Division with a budgetary outlay of ₹ 264.62 Crore as grant-in-aid over a period of five years. The Scheme will be implemented through 51 incubators at institutes of higher learning and premier Research and Development organisations, eventually leading to handholding of approximately 2000 tech start-ups.
    • Setting up and strengthening Technology Incubation Centres in institutions of higher learning,
    • Nurture Technology Entrepreneurship Development for commercial exploitation of technologies developed by them,
    • Promoting product-oriented research and development,
    • Encourage development of indigenous products and packages and bridging the gap between Research and Development and commercialization
  • Multiplier Grants Scheme (MGS) with a view to encourage collaborative Research and Development between industry and academics/Research and Development institutions for development of products and packages
  • Under NIDHI, PRAYAS (Promoting and Accelerating Young and Aspiring innovators & Startups) programme has been initiated in which established Technology Business Incubators (TBI) are supported with PRAYAS grant to support innovators and entrepreneurs with grants for ‘Proof of Concept’ and developing prototypes. A maximum grant of ₹ 220 lakhs are given to a TBI for establishing a PRAYAS Centre which includes ₹ 100 lakh for PRAYAS SHALA, ₹ 20 lakhs for operational cost of PRAYAS Centre and maximum of ₹ 10 lakhs to one innovator for developing prototype
  • Healthcare, business-services, leisure and hospitality, construction, manufacturing, and retail. They have a potential to generate up to 80 percent new jobs. The announcement that ₹ 102 lakh crore infrastructure projects will be implemented in the next five years
  • The last Indian start-up to list on the Nasdaq was Make My Trip in 2010.
  • Barriers to innovation include skill deficiencies due to lack of in-house preparedness, Excessive government regulation in Industry, Inability to move past first advancement and add to a manageable model for consistent Innovation, Failure to keep a pace with technological advancement, Problems in measuring development intensity, Insufficient business pressure to advance, Existence of conventional hierarchical progressive systems, Lack of authoritative concentrate on Innovation as a system for development and intensity, Lack of compelling collaboration with research in colleges and Research and Development organisations, Lack of accentuation on modern Innovation, critical thinking, configuration, experimentation, and so on in the education curricula, Cross-social issues and imperviousness to change among representatives and top administration, Inefficient learning administration frameworks inside of the organization, Poor comprehension of client needs, and business sector elements, Weaknesses in IPR administration, Long time taken for innovations to achieve market, Capital escalation of innovation, Fear of losing piece of the pie i.e.. losing market
  • Automation is anticipated to execute over 40 percent of such jobs across the world in the coming years, as per the International Labour Organisation (ILO) report

Taking Allied Sector to Newer Heights

  • According to the Economic Survey 2019 - 20, the share of agriculture and allied sectors in Gross Value Added (GVA) of the country at current prices is 17.8 percent for the year 2019 - 20.
  • Government laid down seven point strategy for it that includes: special focus on irrigation with sufficient budget, with the aim of “Per Drop, More Crop” ; provision of quality seeds and nutrients based on soil health of each field; large investments in Warehousing and Cold Chains to prevent post-harvest crop losses; promotion of value addition through food processing; creation of a National Farm Market, removing distortions and e-platform across 585 Stations; introduction of a New Crop Insurance Scheme to mitigate risks at affordable cost; and promotion of ancillary activities like poultry, beekeeping and fisheries.
  • Horticulture increased from 8.8 tonnes per hectare in 2001 - 02 to 12.3 tonnes per hectare in 2018 - 19 India is currently producing about 306.82 million tonnes of horticulture produce, which has surpassed the food grain production which is 284.83 million tonnes.
  • India has maintained its dominance in the production of spices, coconut and cashewnut. Among the new crops, kiwi, gherkins, kinnow, date palm and oil palm have been successfully introduced for commercial cultivation in the country.
  • Indian food processing industry accounts for 32 percent of the country՚s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth
  • Indian gourmet food market is currently valued at 1.3 billion USD and is growing at a Compound Annual Growth Rate (CAGR) of 20 percent. India՚s organic food market is projected to increase by three times by 2020.
  • India contributes 7.73 percent of the global fish production. India today has attained the status of the 2nd largest aquaculture and 4th largest fish exporting nation in the world.
  • Silk is part of only 0.2 percent of total textile production in the world and India ranks 2nd major raw silk producer in the world
  • Pradhan Mantri Matsya Sampada Yojana (PMMSY) to boost production and exports in the fisheries sector as part of the government՚s aim to double farmers՚ income. About 42 percent of the total estimated investment of 20,050 crore rupees, the PMMSY is earmarked for creation and upgradation of fisheries infrastructure facilities. Goal is also to double fish exports in the coming 3 - 4 years. The PMMSY aims at enhancing fish production by an additional 70 lakh tonne by 2024 - 25, increasing fisheries export earnings to 1 lakh crore rupees by 2024 - 25
  • Central Sector Scheme “Silk Samagra” an Integrated Scheme for Development of Silk Industry (ISDSI) during the year (2017 - 20) with aims and objective to scale up production by improving the quality and productivity and to empower downtrodden, poor and backward families through various activities of sericulture in the country. The scheme comprises four major components viz.
    • Research and Development, Training, Transfer of Technology and I. T. Initiatives
    • Seed Organisations
    • Coordination and Market Development
    • Quality Certification Systems (QCS) / Export Brand Promotion and Technology Up-gradation
  • Under North East Region Textile Promotion Scheme (NERTPS) , 38 Sericulture projects are being implemented in all North Eastern States
  • Automatic Reeling Machines (ARM) /Units have been established in the country to produce international standard silk of 3A-4A grade.
  • The basic customs duty of 10 percent and 20 percent is levied on raw silk and silk fabric import respectively to stabilize the domestic silk weaving segment and make Indian silk export sector highly competitive
  • Rashtriya Gokul Mission has been initiated by Government of India in December 2014 with the aim of development and conservation of indigenous bovine breeds, genetic upgradation of bovine population and enhancing milk production and productivity of bovines thereby making milk production more remunerative to the farmers. The objectives of the Scheme are
    • to undertake breed improvement programme for indigenous cattle breeds so as to improve the genetic makeup and increase the stock
    • to enhance milk production and productivity of indigenous bovines
    • to upgrade nondescript cattle using elite indigenous breeds like Gir, Sahiwal, Rathi, Deoni, Tharparkar, Red Sindhi
    • to distribute disease free high genetic merit bulls of indigenous breeds for natural service.
  • The e-Gopala app is an online digital medium that helps the farmers to choose better quality livestock and get freedom from middlemen. This app gives all the information related to cattle care, from productivity, to its health and diet.
  • National Animal Disease control programme worth 13,343 crore rupees for 100 percent vaccination of cattle, buffalo, sheep, goat and pigs totalling to 53 crore animals and Animal husbandry infrastructure Development fund of 15,000 crore rupees. It aims to support private investment of dairy processing, value addition and cattle feed infrastructure
  • Pradhan Mantri Kisan SAMPADA Yojana - main objective of this scheme is creation of processing and preservation capacities and modernization/expansion of existing food processing units with a view to increase the level of processing, value addition leading to reduction of wastage. The processing activities undertaken by the individual units covers a wide range of postharvest processes resulting in value addition and/or enhancing shelf life with specialized facilities required for preservation of perishables.
  • Under PMKSY, 32 projects have been sanctioned which are spread across almost 17 states. Schemes such as Mega Food Parks, Integrated Cold Chain and Value Addition Infrastructure, Creation/Expansion of Food Processing/Preservation Capacities (Unit Scheme) , Infrastructure for Agro-processing Clusters, Creation of Backward and Forward Linkages, Food Safety and Quality Assurance Infrastructure and Human Resources and Institutions are to be implemented under PMKSY.
  • Mission for Integrated Development of Horticulture (MIDH) is a Centrally Sponsored Scheme for the holistic growth of the horticulture sector. Under it, Government of India contributes 60 percent of total outlay for developmental programmes in all the states except states in North East and Himalayas, and its 40 percent share is contributed by State Governments. In the case of North Eastern States and Himalayan States, GOI contributes 90 percent. In case of National Horticulture Board (NHB) , Coconut Development Board (CDB) , Central Institute for Horticulture (CIH) , Nagaland and the National Level Agencies (NLA) , GOI contributes 100 percent.
  • MIDH also provides technical advice and administrative support to State Governments/State Horticulture Missions (SHMs) for the Saffron Mission and other horticulture related activities under Rashtriya Krishi Vikas Yojana (RKVY) .

Examrace Team at