G20 labour ministers accord priority to creating jobs: Govt

G20 Labour Minister, in their meeting this week, have accorded priority to creating more jobs, reducing underemployment and facilitating the transition from informal to formal economy, Labour Minister Bandaru Dattatreya said today.
Dattaterya, who also participated in the Labour and Employment Ministerial Meeting in Beijing on July 12-13, said the meet also stressed on the importance of a policy environment that supports innovation and inclusive growth.
"It was a very fruitful session. All the countries have acknowledged that priority should be given to creating more and better jobs, increase labour force participation, reduce underemployment and facilitate the transition from informal to formal economy," he told reporters here.

There was also a consensus that the pro-employment macro economic and structural policies play an essential role to generate job opportunities, he added.
"We decided that we will support a comprehensive and coordinated approach which places employment promotion as the priority in our national economic and social development strategies," Dattatreya said.
The Minister said that the G20 Labour and Employment Ministerial Declaration, which was adopted at the end of the meet, will now be presented to the Head of the States summit scheduled on September 4-5, 2016 in China.

The Declaration reiterates the commitment of the G20 to collectively find workable solutions to the challenges of slow economic growth and low job creation which is still hovering around all the world economies, he added.

The theme of innovation-led growth and employment generation through entrepreneurship model in in perfect sync with India's own strategy for inclusive development, he said.
India highlighted the government's initiatives and achievements in the areas of employment generation, social security and strengthening of labour Market institutions for promoting inclusive labour markets, Dattatreya added.
"Start Up India, flagship initiative of the government, for boosting innovation and technology driven entrepreneurship and to capture youth aspirations in the country was recognised by the G20 forum," he said.
The governments as well as the social partners also appreciated the initiatives by India to bring the construction workers in the fold of formal social security cover.

"The manifestation of decent work for India is in our commitment for job security, wage security and social security for every worker," the Minister said.