Sunday, March 24, 2019

mitr7


Not just the Congress, even some among the BJP supporters seem to "believe" that job creation is one area where Modi govt do a great job. I will consider the following points

1) We need to get out of the notion of jobs = govt jobs, especially with many white elephants..

2) It doesn't make logical sense that GDP growth of  >7% was achieved without job creation

3) India's informal sector remains huge. In some areas "middle men" have reduced

4) Prof Pulak Ghosh of IIM Bangalore and Dr Soumya Ghosh , Chief Economic Advisor to SBI have brought out a detailed study. Going by this article , "15 million people are being added to the labour force every year, busting the theory that jobs are not being created in the country .... we estimate that on an average 25 million babies born per year (this has been calculated after adjusting infant morality rate from crude birth rate) has remained largely constant in the last three decades. Out of 25 million, we expect that 15 million are added to labour force (after conservatively assuming 40% of them voluntarily remain out of labour force or are involved in domestic/agriculture work).

What has escaped major discussion in main stream media are a bunch of measures taken by the government from a Human Resource angle - extension of maternity leave period , many measures of the AYUSH ministry ,  The Rs 2.50 biodegradable sanitary napkins , various measures for divyang ( differently abled), Hum fit to India fit campaign and so on.



While the International Yoga day has become a big hit, what is perhaps less known is India's stride in emerging as a key player in geopolitics. The rather less know Raisana dialogue is one such example, efforts like this will at least take a decade to really show its impact, which is exactly why we need

Modi Once More    

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