Decent work and Economic growth

About the goals

Over the past 25 years the number of workers living in extreme poverty has declined dramatically. In developing countries, the middle class now makes up more than 34 percent of total employment – a number that has almost tripled between 1991 and 2015. According to the International Labour Organization, more than 204 million people were unemployed in 2015.

The Goal of Decent Work and Economic Growth aims to achieve higher levels of economic productivity through diversification and technological upgradation and also promote developmental policies that support decent job creation, entrepreneurship and creativity and innovation. It also seeks to protect labour rights and promote safe and secure working environments for all workers.

Why is it important and what is the current scenario?

India has displayed a resolve to achieve fiscal consolidation, complemented with aggressive measures for improving the business and skill ecosystem, and continues to make progress with a slew of policy reforms and initiatives. India has been recording the highest growth rate amongst the BRICS economies. The progress of the Indian economy is evident in India's jump in the World Bank’s Ease of Doing Business Rankings, 2018, from 100th rank in 2017 to 77th rank in 2018. India is the only nation to have made it to the list of top 10 improvers for the second consecutive year.

Government programmes focussing on Micro, SME, amongst others are all directed towards promoting and encouraging entrepreneurship, creativity and innovation, and inclusive business.