Where Will The Jobs Come From? Rahul Gandhi Asks PM Modi
While the demand for jobs is surging owing to the population, job growth has been stagnant over the past one year
Prime Minister Modi in his manifesto for the 2014 election campaign had promised 2 crore jobs each year to the youth of the country, but the promise is far from being fulfilled and might turn out to be the biggest hindrance in his challenge to the throne in 2019.
India has been able to generate only 4 lakh jobs in one year. While China generates 50, 000 jobs in 24 hours, the Indian government is generating only 400 jobs in a day, alleged Rahul Gandhi in Lok Sabha while attacking the PM over jobs issue.
While the demand for jobs is surging owing to the population, job growth has been stagnant over the past one year. In easy terms, the number of people who got jobs in FY 2018 is equal to the people who bowed out of jobs due to retirement or job loss.
The Prime Minister has earlier asked people not just to count the formal jobs created, but take an account into the informal job sector too. The BJP government has time and again cited the lack of jobs data, exaggerating the issue.
PM Modi and his ministers insist that jobs have been created but are not being counted in the job surveys. If the job data is not being counted properly, it is further going to create a chaos leaving economists in a turmoil to believe the job numbers that will be coming.
Job market is facing a grilling time and the jobs are far and few. But where are the jobs going to come from?
Sumit Kumar, VP, NETAP believes dearth of trainers, the absence of a well-suited curriculum and lack of proper infrastructure makes students unemployable. Skill development has been talked about a lot for creating jobs and self-employment.
Employers find lack of skills as one of the major reason for hiring slowdown. Skilling youth for jobs and apprenticeship for on-site training can help people get better jobs.