Global Economy

Most states out with draft rules under new labour codes, about 3 cr job opportunities in 2022-23: Labour secretary

Labour secretary Sumita Dawra Saturday said that most states have brought out draft rules under the new labour codes, ensuring there is harmonisation of standards for the industry to move from one state to another.

She said the labor reforms have been put in place with an eye on ease of doing business, simplification, and reduction in compliance burden, decriminalization and seamless dispute resolution, promotion of labor market flexibility at the same time in harnessing female participation, leveraging technologies, and meeting the scale needs of the economy, whether at the national or international level.

On employment opportunities, Dawra said:
“The next KLEMS for 2022-23 is yet to be released which suggests that about 3 crore employment opportunities were generated in 2022-23 alone,” she said at the annual business summit of the Confederation of Indian Industry (CII).

The RBI’s KLEMS data provides insights into five key inputs in production—capital (K), labour (L), energy (E), materials (M) and services (S).

Dawra said this means 11 crore employment opportunities in the last five years, 47 crore in 2017-18, 55 plus crore in 2021-22 and in 2022-23, another three crore.

“With these kinds of jobs being created, signifies a new horizon of opportunities for our nation’s youth,” she said.

At the same event, ports, shipping and waterways secretary TK Ramachandran said that the shipping ministry is working to shift to an 80% landlord model by the end of this decade to increase efficiency and reduce logistics costs at major ports and that Jawaharlal Nehru Port has become the first major port of the country to become 100% landlord port, having all berths being operated on PPP model.


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