PM's Advisory Council outlines roadmap for job creation in social sector

The Prime Minister's Economic Advisory Council (PMEAC) on Friday spelt out a clear roadmap for stepping up skill development, job creation, enhanced investment in social sector, including health and education besides boosting infrastructure financing.

The full council which met for the first time after being constituted on October 11 also deliberated upon improvements needed in India's national accounts and steps for unlocking growth potentials, exports and employment generation. It sought transformation of India's gold market and suggested measures to that effect.

PMEAC Chairman Bibek Debroy made a presentation to the council underlining the need for according high priority to infrastructure financing.

NITI Aayog member Vinod K Paul highlighted strategies for achieving Swastha Bharat by 2022. The Skill Development Strategies were presented by Secretary, Skill Development, K P Krishnan who highlighted convergent initiatives to reach out to youth and women.

Ministry of Statistics and Programme Implementation secretary TCA Anant outlined improvements needed in national accounts. It was complemented by the presentation of member secretary PMEAC, Ratan P Watal who made a presentation on how to reduce India's current account deficit and the gold market. He also shared recommendations on the evolving framework for the Fifteenth Finance Commission.

Official sources said the PMEAC is also evolving the design of a new economy Tracking Monitor, linking economic growth indicators with social indicators for last mile connectivity.