India Committed to Inclusive Growth, Leading to Sustainable Development: Bandaru Dattatreya

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NEW DELHI: India is committed to securing inclusive growth, leading to sustainable development and to usher in a governance of transparency and accountability. The earlier GDP growth rate of less than 5% has now reached to 7.4% in one year.

This was stated by Bandaru Dattatreya, the Minister of State for Labour and Employment(IC) while speaking at Plenary of 104th session of ILC, 2015 in Geneva on 12th June. India believes that poverty eradication and job creation are primary objectives to achieve inclusive growth under the ambit of Sustainable Development Goals in United Nations Framework, he further said.

India is one of the fastest growing nations of world having one of the biggest domestic market and demand in the country, the Minister said further. India has the largest youth population (58%) under the age of 29 years.

India is committed on the issue of elimination of Child labour, the Minister added. A Bill is being brought in the Parliament for a complete prohibition of employment of children below 14 years. A robust multi prolonged strategy is being followed to tackle the problem of child labour comprising of statutory and legislative measures, rescue and rehabilitation, universal education along with social protection, poverty alleviation and employment generation schemes.

Referring to the flagship initiatives like Make in India, Skill India, Digital India, Smart Cities Project taken under the leadership of Narendra Modi ,the Minister said ‘Make in India’ is a unique endeavor by any Government to encourage domestic industry and attract large scale global investment.

Here is the full text of Speech

It gives me immense pleasure to address this august gathering. India and ILO have a vibrant relationship marked by close cooperation over years. We both share a commitment for inclusive growth and job creation. As we approach the centenary of this unique tripartite forum, I am confident that these ties will be further strengthened

2. India is one of the fastest growing nations of world. We have one of the biggest domestic market and demand in our country. We have the largest youth population. 58% of our population is under the age of 29 years.

3. Govt. of India is committed to usher in a governance of transparency and accountability. We are fully committed to securing inclusive growth, leading to sustainable development. The earlier GDP growth rate of less than 5% has now reached to 7.4% in one year

4. My government under the dynamic leadership of our Hon’ble Prime Minister Shri. Narendra Modi has taken the flagship initiatives like Make in India, Skill India, Digital India, Smart Cities Project. Make in India is a unique endeavor by any Govt to encourage domestic industry and attract large scale global investment.

We look at Make in India as a unique opportunity for job creation for our youth. We have embarked on a massive mission of skilling India particularly youth to correct and match the demand for skill sets.

5. We are committed on the issue of elimination of Child labour. We are bringing a Bill in the Parliament for a complete prohibition of employment of children below 14 years. We are following a robust multi prolonged strategy to tackle the problem of child labour comprising of statutory and legislative measures, rescue and rehabilitation, universal education along with social protection, poverty alleviation and employment generation schemes. More than 1 million working children have been mainstreamed to regular education system under the NCLP scheme as on December, 2014

6. Govt. is committed to protect and safeguard the interests of workers and upholding the dignity of labour. Financial inclusion and social security cover for everyone is the top priority for the government especially for the vulnerable class of workers. Pradhan Mantri Jan Dhan Yojana (PMJDY) is the biggest financial inclusion initiative in the world. Under this, 140 million accounts have been opened and the beneficiaries will get an accidental insurance as well as life insurance coverage.”

7. Govt has initiated a process of providing an umbrella card to the unorganized sector workers. This move will bring social security coverage for 1 billion people. For the organized sector, portability of provident fund benefits in a hassle free manner has been assured for more than 50 million workers.

Govt has also launched three ambitious schemes Atal Pension Yojana , Pradhan Mantri Jeevan Jyoti Yojana and Pradhan Mantri Suraksha Bima Yojana to provide Old age Pension, Life Insurance and accidental Insurance for vulnerable class of workers . These schemes will be operational from 1st June, 2015.

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