Question 14GS3GS3

Examine the importance of creating quality jobs in the formal sector for achieving better income distribution in India. In this context, discuss the role of expanding the manufacturing sector.

Introduction

Formal sector helps to other sector of economy where job security is other allied issue security governing like pension and insurance. In India 85% of people work in INFORMAL sector

30 words

Main Body

Importance of Quality Jobs in Formal Sector: 1) higher remuneration jobs of IT sector average pay is 8-k-1 table p.a. 2) costs higher demand in economy leading to virtuous cycle of growth. 3) Boost to assisted service sector like entertainment, food industry of Delhi, Mumbai Role of Expanding Manufacturing Sector: 1) Would-throwing sector contribute only 15% to GDP and high potential to uncover it to 25%. 2) Can become Indian competitive advantage due to presence of cheap labor. 3) Capture Christ moment and shifting supply chains. 4) Provide jobs in textile, storing reducing pressure on Trial farms. 5) Can become Indian competitive advantage due to presence of cheap labor. 6) Capture Christ moment and shifting supply chains. 7) Multiple effects in form of long term economic strength of self-reliance.

4higher tax base for government which can be spit in human capital investment. 5) Boost female labor force participation rate triggering the demographic dividend. 6) Ends to household economy being to higher economic efficiency. 7) Correct the sectoral imbalance by reducing the measure in agriculture @ 43% there presently.

2High cost of procurement - becomes difficult when government already running high fiscal deficit. 2) Lack of storage facilities with FCI for all prominent. 3) distorts the agriculture market by distorting the price of usp. 4) Goes against WTO subsidy norms. 5) Create perverse incentives against reducing dependence on government. 6) Lack of permanent infrastructure in time of navies, market connectivity. 7) failure to procure can lead to lengthy legal battles in courts

— Animesh Jain · AIR 63

253 words1 paragraphs

Conclusion

Manufacturing sector needs to be pushed through factor market reforms, vocational investments, facilitating trade policies etc to realize the goal of Visited Bharat by 2047

25 words

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Topper

Animesh Jain

AIR 632020

Subject & Paper

GS3GS3

Topic

Economic Development

Employment related issues

Writing Stats

308

Total words

Paragraphs

Linked PYQ

There is a technological company named ABC Incorporated which is the second largest worldwide, situated in the Third World. You are the Chief Executive Officer and the majority shareholder of this company. The fast technological improvements have raised worries among environmental activists, regulatory authorities, and the general public over the sustainability of this scenario. You confront substantial issues about the business’s environmental footprint. In 2023, your organization had a significant increase of 48% in greenhouse gas emissions compared to the levels recorded in 2019. The significant rise in energy consumption is mainly due to the surging energy requirements of your data centers, fuelled by the exponential expansion of Artificial Intelligence (AI). AI-powered services need much more computational resources and electrical energy compared to conventional online activities, notwithstanding their notable gains. The technology’s proliferation has led to a growing concern over the environmental repercussions, resulting in an increase in warnings. AI models, especially those used in extensive machine learning and data processing, exhibit much greater energy consumption than conventional computer tasks, with an exponential increase. Although there is already a commitment and goal to achieve net zero emissions by 2030, the challenge of lowering emissions seems overwhelming as the integration of AI continues to increase. To achieve this goal, substantial investments in renewable energy use would be necessary. The difficulty is exacerbated by the competitive environment of the technology sector, where rapid innovation is essential for preserving market standing and shareholders’ worth. To achieve a balance between innovation, profitability and sustainability, a strategic move is necessary that is in line with both, business objectives and ethical obligations. (a) What is your immediate response to the challenges posed in the above case? (b) Discuss the ethical issues involved in the above case. (c) Your company has been identified to be penalized by technological giants. What logical and ethical arguments will you put forth convince about its necessity? (d) Being a conscience being, what measures would you adopt to maintain balance between AI innovation and environment footprint?

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