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General Studies-3; Topic: Economic growth and development
India aims to grow its economy to $10 trillion by 2035, with manufacturing's share expected to increase from 15% to 25% of GDP. The goal is to increase employment elasticity of growth.
Government Initiatives -
1. Production Linked Incentives (PLIS) - The government has launched the ‘Production Linked Incentive (PLI)’ to boost the domestic manufacturing in key sectors.
2. Make in India – This program aims to facilitate investment, innovation, skill development, and to build the best-in-class manufacturing infrastructure.
3. Industry Hubs – All the states are working to attract investment and promote manufacturing industry.
The Overlooked Narrative -
• Worker Empowerment - Amidst debates over monetary incentives and land rules, worker empowerment is regularly neglected as a key factor in unlocking India's manufacturing prowess. • Safe Accommodation - Safe, on-premises or factory-adjoining employees accommodation is important for addressing troubles associated with skilling, productivity, and attrition.
Benefits of Workers' Accommodation
1. Reduced Costs – The main benefit of the workers accommodation is that it reduces the transportation costs and improves the worker’s productivity by eliminating long commutes.
2. Workforce Empowerment – It permits the creation of ladies, women-handiest or girls-majority majority factories, selling the worker and girls's ladies's empowerment. 3. Skill Development – This addresses the issues which might be related to the abilities, productivity, and attrition through offering environment.
Policy Implications -
1. Land allocation - Previous factory construction should be enhanced to provide staff accommodation along with land allocation.
2. Flexible System - Flexibility in business processes to enable production.
3. Fiscal incentives - The position of the central government in providing tax incentives and priority quarters.
4. Quarter tagging for production finance.
Historical examples in India -
• Public - Public sector schemes like ‘Bhilai’ and private companies like ‘Tata Steel Jamshedpur’ prioritize housing and communities.
• Changing times - Although circumstances have changed, the basic concept of dealing with professional housing remains relevant.
Triangular Leadership -
Centre/State, Private Sector - Collaboration between the Centre, state, and private private sector firms is essential to unlock India's manufacturing ambitions.
Workers' Accommodation - Workers' accommodation should be a part of the 100- the 100-day plan for the new government, as it could could be the "chhoti chabi" that opens the "bada tala" "bada tala" of India's manufacturing progress.