In today’s increasingly specialized and cut-throat world, a person needs in-depth knowledge and extensive domain expertise to handle a particular department even in a small company.
But it is highly unfortunate that people with no qualification or expertise in the field become Prime Minister like Narendra Modi, ministers, and bureaucrats in India to manage highly complex domains of governance. That’s why India continues to be a poor, underdeveloped country. ~ Rakesh Raman
Disturbed by the increasing joblessness, the Congress party says that rise in unemployment and the woeful rate of job growth is a serious concern for the Indian economy.
The party said that the government is incapable of creating an environment for job growth. In the absence of jobs, Congress said, India’s much touted demographic dividend will turn into a demographic disaster.
Taking a dig at the government, he said, “Government has many schemes; Start Up India, Stand Up India, sit down India, move left India, go right India but no employment generation.”
When the Central Statistics Office released the full-year growth estimates for 2016-17, the data showed that sectors like construction, manufacturing, retail trade, transportation and communication – which contributed more than two-thirds of all new employment generated after 2004-05 – sharply decelerated last year.
Faced with such a situation, any other government would be trying to take remedial measures as soon as possible, but Narendra Modi has refused to even acknowledge the seriousness of this problem, Congress said.
According to the data released by the Labour Bureau surveys, the total number of workers in the job market was 460 million as on 1 March 2014. This declined sharply to 444 million by 1 July 2015.
This means that in the first year of the government itself, the extent of job losses was almost 16 million. The agriculture sector lost 12 million jobs during this period. And the non-farm sector lost 4 million jobs.
During the run up to General Elections in 2014, Narendra Modi promised to create 2 crore (20 million) jobs. Yet, in the first year of his government, India managed to lose 16 million jobs. Even as we await data for this year, there are numerous reports that the IT sector will lose close to 600,000 jobs over the next 3 years, Congress said.
“The most significant decision of the Narendra Modi government has been the disastrous decision of Demonetization. As this wreaked havoc on our economy, it also hid the fact that our economy was already on a downswing before this fateful, and indeed foolish, decision,” Rahul Gandhi said.
With almost all sectors showing a downward swing in the first two Quarters of 2016-17, the government needed to take a corrective decision. The economy needed a boost, which could generate more jobs, instead we got Demonetization and more job losses, Congress said.
Photo courtesy: Congress
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