look news india
Washington/New Delhi, October 25 (HS). Union Finance Minister Nirmala Sitharaman described employment generation as the biggest issue in the world. He called on the World Bank to collaborate with countries to identify high priority skill areas that can generate jobs.
The Finance Ministry said in a statement issued on 'X' post on Friday that the Union Finance Minister said in a World Bank meeting on Thursday that employment generation is the most important issue across the world, especially in the face of persistent economic challenges and rapid technological progress. In view of this, which is reshaping the labor market. Sitharaman said this at a discussion on 'How the World Bank should set its future strategic direction and help clients create more jobs to keep pace with emerging megatrends'.
Sitharaman in her address emphasized that jobs have become the biggest global problem given the persistent economic challenges and rapid technological changes, which are redefining the skills required for youth to enter the job market. . The Finance Minister said that the World Bank has previously conducted several studies on regional trends and their possible impact on employment. In these, studies have been done on areas like 'green jobs', jobs after the introduction of artificial intelligence and changes due to changing demography etc. However, he stressed that the need of the hour is to conduct a more comprehensive, multi-sector analysis.
In his address, the Finance Minister urged the World Bank to collaborate with countries in identifying high priority skill areas based on data, analytics and knowledge work, with a focus on job creation, skill matching and labor retention. Let's do. Along with this, he said that it should take into account how emerging trends interact and affect both job losses and job creation.
It is noteworthy that Union Finance Minister Nirmala Sitharaman is present in the US capital to participate in the annual meetings of the International Monetary Fund and the World Bank.