Lok Sabha Question No. 721 (UNSTARRED), answered on 2022-12-12
Subject: Employment Generation in Industries
Ministry: LABOUR AND EMPLOYMENT
Asked by: Subrata Pathak, Ravi Kishan Shukla, Ravindra Kushawaha

## GOVERNMENT OF INDIA

## MINISTRY OF LABOUR AND EMPLOYMENT

## LOK SABHA

## UNSTARRED QUESTION NO. 721

TO BE ANSWERED ON 12 TH  DECEMBER, 2022

## EMPLOYMENT GENERATION IN INDUSTRIES

721.  SHRI SUBRAT PATHAK: SHRI RAVINDRA KUSHWAHA: SHRI RAVI KISHAN:

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:

- (a) whether the Government is aware that the world is moving towards a global economic recession;
- (b) if so, the details thereof along with the reasons therefor;
- the details regarding the generation of employment in industries
- (c) during each of the last three years, State/UT-wise;
- (d) the details of overall impact on GDP of the country due to global recession; and
- (e) the steps taken/being taken by the Government to overcome the recession?

## ANSWER

## MINISTER OF STATE FOR LABOUR AND EMPLOYMENT (SHRI RAMESWAR TELI)

(a)  &  (e):  Global  economic  activity  is  experiencing  a  broad-based slowdown,  with  inflation  higher  than  seen  in  several  decades.  The increased cost-of-living, tightening financial conditions in most regions, lingering COVID-19 pandemic all weigh heavily on the outlook. As per IMF October 2022 Outlook, global GDP is projected to grow at 3.2 per cent  in  2022  (compared  to  projection  of  3.6  per  cent  growth  in  April 2022 outlook) and to slow to 2.7 per cent in 2023.

The Sector-wise number of workers as estimated by Economic Survey based on Periodic Labour Force Survey (PLFS) reports is at Annexure.

As per the Ministry of Statistics & Programme Implementation, the Real Gross Domestic  Product  (GDP)  or GDP  at  Constant  (2011-12) Prices in July September 2022-23 is estimated at ₹38.17 lakh crore, as against ₹35.89 lakh crore  in  July-September  2021-22,  showing  a  growth  of  6.3  percent  as compared to 8.4 percent in July-September 2021-22. GDP at Constant (201112) Prices in April-September 2022-23  is estimated at ₹75.02 lakh crore as against ₹68.36 lakh crores during the corresponding period of previous year, showing a growth of 9.7 percent in April-September 2022-23 as against 13.7 percent during the same period last year.

Anticipating the  deleterious effects of inflationary pressures,  the government stepped in to curb further price rises in critical commodities such as wheat, edible oils and fuels. It lowered the import duty on crude palm, sunflower, and soybean oil to zero per cent from 2.5 per cent. Agricultural infrastructure cess was reduced from 20 per cent  to  7.5  per  cent  in  respect  of  crude  palm  oil  and  5  per  cent  for crude  soybean  and  sunflower  oil.  Import  duty  on  refined  palm  oil, soybean and sunflower oil was almost halved from 32.5 per cent to 17.5 per  cent.  Stock  limits  imposed  on  all  edible  oils  and  oilseeds  were extended  up  to  31st  December  2022.  Exports  of  wheat  and  wheat products were banned to increase their domestic availability. A limit of 100  lakh  tonnes  was  imposed  on  sugar  exports  to  ensure  adequate local stock to cover three months of domestic consumption when the sugar season begins in October. Vegetable inflation was addressed by building  a  buffer  stock  of  2.5  LMT  of  onion  by  procuring  the  rabi harvest.  This  was  intended  for  release  in  a  calibrated  manner  during the lean season of Aug-Dec. To counter inflationary pressures from a rise in crude oil prices, the government cut the excise duty on petrol and diesel in November 2021 by Rs.5/litre and Rs.10/litre respectively and effected another reduction of Rs.8/litre and Rs.6/litre respectively, in May 2022. To reduce hardships of price rise, a subsidy of Rs 200 per cylinder was provided to Ujjwala Yojana beneficiaries, for 12 cylinders in a year.

To  give  a  boost  to  growth,  the  Government  has  taken  a  series  of measures in the Union Budget 2022-23, which include an increase in Capex budget by 35.4 per cent over the previous year, expansion of the Production Linked Incentive (PLI) scheme to 14 sectors, the launch of PM  Gatishakti  scheme  to  reduce  infrastructure  gap  and  facilitate private investment, the extension of Emergency Credit Line Guarantee Scheme (ECLGS) to provide support to MSMEs, among others. As part of the Atmanirbhar Bharat Mission, Government has also implemented the  National  Infrastructure  Pipeline  of  projects,  to  drive  economic growth in  the  years  ahead.  The  government  has  recapitalised  banks, merged  them  and  strengthened  their  balance  sheets  so  that  bank lending can grow faster, once current global uncertainties fade.

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## Annexure

ANNEXURE REFERRED TO IN REPLY TO PART (a) to (e) OF THE LOK SABHA UNSTARRED QUESTION NO. 721 FOR 12.12.2022 REGARDING EMPLOYMENT GENERATION IN INDUSTRIES.

## Estimated number of workers in usual status by broad industry division (for all ages)

| (in crore)                              | (in crore)   | (in crore)   | (in crore)   |
|-----------------------------------------|--------------|--------------|--------------|
| Broad industry Division as per NIC-2008 | 2017-18      | 2018-19      | 2019-20      |
| Agriculture                             | 20.03        | 19.86        | 23.27        |
| Mining and Quarrying                    | 0.19         | 0.20         | 0.15         |
| Manufacturing                           | 5.70         | 6.12         | 6.24         |
| Electricity, water etc                  | 0.28         | 0.28         | 0.35         |
| Construction                            | 5.70         | 5.86         | 6.22         |
| Trade, Hotel and Restaurant             | 5.94         | 6.39         | 7.47         |
| Transport storage and communications    | 2.78         | 2.99         | 3.15         |
| Other services                          | 6.51         | 7.05         | 6.71         |
| Total                                   | 47.14        | 48.76        | 53.55        |

Source: Economic Survey