Rapid Fire
Employment Data Collection Mechanism
- 30 Jul 2024
- 2 min read
The Union government is set to create an Employment Data Collection Mechanism (EDCM) in collaboration with all Ministries to address concerns over the lack of comprehensive data on employment trends, following concerns highlighted in the Economic Survey for 2023-24.
- The EDCM aims to improve employment data and address gaps in employment, unemployment, wage loss, and job loss data.
- The government is making reforms in sectors like labour, logistics, infrastructure, and manufacturing to boost employment. Initiatives such as PM Gati Shakti, Production Linked Incentive schemes, Bharatmala, and Sagarmala, and the Employment-linked Incentive package are aimed at generating employment.
- The country's working-age population is expected to grow by 9.7 million per year from 2021-31 and 4.2 million per year from 2031-41.
- The Union Budget 2024-2025 allocates Rs 2 lakh crore for employment and skilling schemes, including three "employment-linked incentive" schemes under the Prime Minister's package.
- The schemes focus on enrolling in the Employees’ Provident Fund Organisation (EPFO) and provide incentives for new employees and their employers. These schemes are expected to benefit a total of 290 lakh youth entering employment.
- The Central and State governments have various programmes and projects to create direct and indirect employment, but so far, they have not been effectively utilised to estimate employment generation.
