Government to create 58 million job opportunities for labourers

The Government today said that labour force in the country has  increased by nearly three per cent from 1995 to 2000 and the Eleventh Five Year Plan aimed at creating 58 million job opportunities for it.
    
Quoting National Sample Survey Organisation (NSSO) figures, minister of state of labour and employment, Harish Rawat informed the Lok Sabha today that the Eleventh Five Year Plan aims at creating 58 million job opportunities to alleviate poverty.
    
"The focus is also on productive employment at a faster pace than before, and achieving agriculture growth at four per cent per annum in order to raise the incomes of masses of the rural population," he said.
    
The minister informed the House that the labour force on "usual status basis" has increased from 406.06 million in 1999-2000 to 469.94 million in 2004-05, registering an average growth rate of 2.97 per cent per annum.
    
Rawat said the government is implementing various employment generation and poverty alleviation programmes like Swarna Jayanti Shahari Rozgar Yojana (SJSRY), Prime Minister's Employment Generation Programme (PMEGP), Swarnajayanti Gram Swarozgar Yojana (SGSY) and NREGS. 
   
During the past three months as well as the last one year, Hyderabad, Chennai and Bangalore had the highest attriton rates compared to other cities. Kolkatta had the lowest attrition rate in the last three months as well as the last one year.
   
Financial services had the lowest attrition rate in the past months at five percent. Pharma had the lowest attrition rate in the past one year at seven percent.
    
The report is a quarterly report after a survey administered to HR heads, CEOs and senior management of leading companies. The report covers 495 companies.
   
According to Surabhi Mathur-Gandhi GM, Team Lease Services Private Limited, "with the stabilisation of economies and optimism in global expansion, there is a direct positive implication for the Indian employment situation. We are observing a slow and steady upsurge in the hiring intent across sectors. The advent of new players and aggressive expansion of large telecom giants has seen a bullish outlook for the industry with a promise of exponential growth".
   
"There are active hiring plans reported by Indian employers, and the overall employment outlook, though a bit conservative, is bullesh and upbeat", Surabhi added.
   
City specific highlights of Bangalore show that the city showed an increase of nine points in the net employment outlook compared to the last quarter and an 18 point increase in the net business outlook.
     
Attrition rate is the highest in Bangalore when compared to other cities in the last one year, standing at 23 percent.