More

    Government Considers AI a Kinetic Enabler for Growth, Says Minister

    GovernanceE-governanceGovernment Considers AI a Kinetic Enabler for Growth, Says...
    - Advertisment -

    Government Considers AI a Kinetic Enabler for Growth, Says Minister

    The Government considers Artificial Intelligence (AI) to be kinetic enabler for the growth of the country’s digital economy, investments and jobs. The government has taken various initiatives to expand AI ecosystem and connect the AI opportunities to the youth of the country, the minister told the Lok Sabha.

    The data on Employment and Unemployment is collected through Periodic Labour Force Survey (PLFS) which is conducted by the Ministry of Statistics and Programme Implementation (MoSPI) since 2017-18. The survey period is July to June every year.

    As per the latest available Annual Periodic Labour Force Survey (PLFS) reports, the estimated Worker Population Ratio (WPR) on usual status for persons of age 15 years and above during the year 2022-23 was 56 per cent. It was 52.6 per cent and 52.9 per cent in the years 2020-21 and 2021-22, the Union Minister of State for Labour and Employment, Rameshwar Teli told the Lok Sabha in a written reply on Monday.

    The minister said that the data indicates that the worker population ratio, indicating employment, has seen an increasing trend over the years.

    As per the fourth round of Quarterly Employment Survey (QES: January-March, 2022), the estimated total employment in the nine selected sectors was 3.18 crore as compared to 2.37 crore in the sixth Economic Census (2013-14).

    - Advertisement -

    The Quarterly Employment Survey (QES) is conducted by Labour Bureau which aims to assess the employment situation in respect of selected nine sectors of non-farm economy of India over successive quarters covering nine selected sectors, viz. manufacturing, construction, trade, transport, education, health, accommodation and restaurants, information technology (IT)/ business process outsourcing (BPO) and financial services.

    As per the fourth round of QES (January-March, 2022), the estimated employment in the Information Technology (IT)/ Business Process Outsourcing (BPO) sector has increased to 38.31 lakhs as compared to 20.71 lakh during first round of QES (April-June, 2021), which indicates the increase in employment in IT/BPO sector.

    The Government considers Artificial Intelligence (AI) to be kinetic enabler for the growth of the country’s digital economy, investments and jobs. The government has taken various initiatives to expand AI ecosystem and connect the AI opportunities to the youth of the country, the minister said.

    The Visvesvaraya PhD Scheme aims to enhance the number of PhDs in Electronics System Design & Manufacturing (ESDM) and IT/IT Enabled Services (IT/ITES) sectors including AI and Emerging Technologies.

    The minister said that the NITI Aayog had released the ‘National Strategy for Artificial Intelligence’ (NSAI). NITI Aayog has decided to focus on five sectors that are envisioned to benefit the most from AI in solving societal needs: a) Healthcare: increased access and affordability of quality healthcare, b) Agriculture: enhanced farmers’ income, increased farm productivity and reduction of wastage, c) Education: improved access and quality of education, d) Smart Cities and Infrastructure: efficient and connectivity for the burgeoning urban population, and e) Smart Mobility and Transportation: smarter and safer modes of transportation and better traffic and congestion problems.

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest news

    War, huh, Yeah, What is it Good For?

    One should, nevertheless, keep in mind that war is horrific. It is most often not the answer. When it is, it is always the very last resort after all other means to resolve adverse situations have been well and truly exhausted.

    World Bank Unveils $1 Billion Package to Spur Jobs and Private Sector Growth in Sri Lanka

    Tourism, one of Sri Lanka’s key economic drivers, is set to receive $200 million. These funds will be used to protect and enhance natural and cultural heritage sites, create employment opportunities, and ensure local communities benefit directly from tourism revenues.

    UN Secretary-General Urges Military restraint from India, Pakistan

    He offered his good offices to both governments to help defuse tensions and promote diplomacy, stressing that “a military solution is no solution.”

    India Showcases SVAMITVA at World Bank Land Conference

    India’s interventions across these sessions aim to serve as a call to action for other nations striving to achieve SDG Target 1.4.2 which aims to ensure legal ownership and control over land for all, especially vulnerable communities.
    - Advertisement -

    WHO Warns of Deepening Health Crisis in Afghanistan as Aid Dwindles

    The decline in support follows the suspension of US assistance, which previously accounted for nearly half of the international funding directed toward Afghanistan’s healthcare.

    Clean Ganga Mission Approves Key Projects for Ganga Rejuvenation via Ecosystem Testoration

    Conservation of critical wetlands and promoting the reuse of treated wastewater through city specific reuse plans and were deliberated in the meeting.

    Must read

    War, huh, Yeah, What is it Good For?

    One should, nevertheless, keep in mind that war is horrific. It is most often not the answer. When it is, it is always the very last resort after all other means to resolve adverse situations have been well and truly exhausted.

    World Bank Unveils $1 Billion Package to Spur Jobs and Private Sector Growth in Sri Lanka

    Tourism, one of Sri Lanka’s key economic drivers, is set to receive $200 million. These funds will be used to protect and enhance natural and cultural heritage sites, create employment opportunities, and ensure local communities benefit directly from tourism revenues.
    - Advertisement -

    More from the sectionRELATED
    Recommended to you