Projections indicate that the country will need to create 90 million non-farm jobs over the next decade to both manage the migration of labour from agriculture and provide employment opportunities to the people entering the working age population. However, job creation alone will not help, the process needs to be aided by ensuring that the working age population is “employable”. This is where foundational literacy becomes imperative, said Paranjpe.
“As a nation, we have to make sure that the quality of education that we impart to people delivers the outcomes that we want…. it is about building human capital which is geared to address the jobs we need to,” Paranjpe said, adding that govt and corporates will need to collaborate to address the challenges in developing human capital.
“Corporates will need to play a key role — be it in ensuring reskilling and upskilling the workforce populace, creating employment, embracing diversity or supporting human development,” Paranjpe said. HUL, the chairman said, has in the last year alone invested 1,00,000 hours on training and upskilling interventions across its offices, factories and sales workforce.
Paranjpe said that he is “quite optimistic” about the growth opportunities that India has for the next decade and beyond. “Much of it is going to come from consumption, new category creation…. It is going to come from premiumisation. All of these are good growth drivers for the economy at large and for companies in the FMCG space as well,” Paranjpe said.
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