Daily Hot Topic
Topic : India’s Job Challenge
GS-3 Mains : Economy
Key Issue
- India needs to create ~8 million new jobs annually for the next decade.
India’s Economic Performance
- Strong GDP growth: India is the fastest-growing major economy (7% projected for FY24).
- Global impact: Contributes ~17% to global growth.
Challenges to Sustain Growth
- Inflation: Stabilizing but requires careful management.
- Geopolitical tensions: Can impact commodity prices (e.g., oil).
- Political uncertainty: Global elections may affect growth outlook.
- Weak global growth: Projected lower than historical averages, necessitating reforms.
AI’s Impact on Employment
- Affects ~25% of Indian workers.
- Potential benefits: Skill shortage address, improved public finance, enhanced education.
- Potential challenges: Job losses in sectors like call centers.
Monetary Policy and Inflation
- Flexible inflation targeting adopted in 2015.
- Improved inflation stability but challenges persist.
Strategies for Sustained Growth and Job Creation
- Boost corporate investment: Encourage private sector participation.
- Flexible labor markets: Promote job creation and economic efficiency.
- Improve business environment: Ease of doing business reforms.
- Reduce trade restrictions: Facilitate global trade.
- Focus on agriculture: Improve productivity and create rural jobs.
- Strengthen macroeconomic fundamentals: Financial stability and currency convertibility.
Job Creation Target
- India needs to create 60-148 million new jobs by 2030.
- Requires broad-based growth across sectors.
Daily Hot Topic
Topic : Threat to Aravali Range
GS-1 Mains : Geography
About Aravali Range
- Length: 692 km, Width: 10-120 km.
- Ecotone zone between Thar desert and Gangetic plain.
- Over 500 hillocks, highest peak: Guru Shikhar (Mount Abu).
- 80% in Rajasthan, 20% in Haryana, Delhi, Gujarat.
- Crucial for ecology, hydrology, climate regulation, biodiversity.
Threats to Aravali
- Illegal mining, deforestation, human encroachment.
- Environmental degradation, groundwater depletion.
- Loss of vegetation, soil cover, biodiversity.
- Decrease in forest area (0.9% from 1999 to 2019).
- Increase in mining area (1.8% in 1975 to 2.2% in 2019).
- Intensive mining in Jaipur, Sikar, Alwar, Ajmer, Bhilwara, Chittorgarh, Rajsamand.
- High carbon flux in upper and lower Aravali due to rainfall and protected areas.
- Southern part greener due to protected regions and less population.
Conservation Efforts
- Aravali crucial for biodiversity, livelihoods, desertification control, ecosystem services.
- LiDAR-based drone survey for monitoring illegal mining and environmental degradation.
- Establishment of independent Aravali Development Authority for sustainable management.
- Complete ban on mining in Aravali region to protect ecosystem and biodiversity.
हिन्दी