Thegovernmentset
up a10-memberCabinet Committee
on Employment and Skill Developmenton5 June.
The committee is one of two Cabinet committees that are set up to rise theeconomic growth
and tackle unemployment.
Members
of the committee:
The Committee will bechaired by
Prime Minister Narendra Modi.
The
committee includes:
Home MinisterAmit Shah
Finance MinisterNirmala Sitharaman
Railway MinisterPiyush Goyal
Agriculture MinisterNarendra
Singh Tomar
Human Resource Development MinisterRamesh Pokhriyal
‘Nishank’
Petroleum and Natural Gas MinisterDharmendra
Pradhan
Minister Skill and EntrepreneurshipMahendra Nath
Pandey
Ministers of StateSantosh Kumar
Gangwar(Labour)
Ministers of StateHardeep Singh
Puri(Housing and Urban Affairs
Reason for the formation of the committee:
The committee was set up because the Employment
data for 2017-18 which was released on May 31 after the Lok Sabha elections
reported that the country’s unemployment rate has risen to6.1% in the
period. This is the highest in 45 years.
Fall in Gross Domestic Product (GDP):
It is expected that the committee on economic
growth will prepare a road map to bring theeconomy back on
the growth trajectoryas the Gross Domestic Product (GDP)
fell to5.8%
in the last quarter of 2018-19.It is the lowest since
2014. The GDP growth for 2018-19 was6.8%,against the target of7.2%.
The fall in growth is the result of the dip in
the performance of the core sectors of the economy, as the eight core sectors
recorded a growth of just 2.6 % in April, compared with 4.6% in the same month
in 2018. According to the government’s data, the country’s economic growth
saw the third straight fall in January-March quarter in 2019.
Note:
The eight core sectors are coal, crude oil,
natural gas, refinery products, fertilizers, steel, cement, and electricity.
