Rajasthan can generate 22 lakh additional jobs: Assocham

Rajasthan can generate an additional 22 lakh employment opportunities in both organised and unorganised sector if the state's economy is able to sustain over 8% growth rate during next five years, industry body Assocham said today.

"Rajasthan has registered significant growth economic growth rate and can generate around 20 lakh jobs in organised and unorganised sectors, as well as 2 lakh direct and indirect job opportunities through oil refinery," chamber's Secretary General D S Rawat told PTI.

He said that Assocham suggested a seven point detailed 'Action-Agenda for New Government of Rajasthan' to chief minister Vasundhara Raje recently and the projection was based upon the simple regression model according to which the assumption of employment generation is largely dependent on economic growth which has immediate effect on job creation.

The boyd has also proposed to partner the state government to implement and achieve the objective of its vision document for Rajasthan.

"Rajasthan has registered robust economic growth rate of 8.2% slightly higher than the national average of 8% during 2004-05 and 2012-13," says a study prepared by the Assocham Economic Research Bureau (AERB).

There has been a significant decline of almost 6% in the contribution of agriculture sector to the gross state domestic product (GSDP) of Rajasthan which fell from 25% in 2004-05 to 19% in 2012-13, it said.

"Frequent droughts, rapidly depleting groundwater level, lack of investments and absence of modernisation in agriculture practices are certain key issues hindering the growth of agriculture in Rajasthan."

The apex industry body suggested that the new state government should promote the agriculture sector and maximize farm income by a co-ordinated approach focusing on best utilisation of available water with higher productivity, crop diversification, value addition together with strong emphasis on livestock development.

Rajasthan has recorded a surge in the share of industrial sector in the GSDP which increased from 30.5% in 2004-05 to 31.3% in 2012-13 thereby indicating the strong pace of industrialisation in the state.

In its vision document, Assocham has suggested the state government to ensure sustainable development of marginal, small and medium enterprises (MSMEs) to further increase the industrial growth, create more jobs and improve industries' share in the GSDP.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Signalling good times, current account deficit is likely to grow from here on

    The current account deficit (CAD) numbers for April-June quarter declined sharply to 1.7 per cent of GDP.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Disruptive innovation in education

The past two weeks had a fair share of interesting ...

Rajgopal Nidamboor

Regain the spirit of focused power

For aeons, the human race has been experimenting with a ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture