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Showing posts from March, 2018

THE TRIPPLE JUMLAS – THE JOBS RHETORIC

While campaigning for the 2014 general elections, Mr Narendra Modi promised to the country that if elected, he would create 2 crore jobs per year. It’s been almost four years since then and the time is ripe to seek answers from the Prime Minister. The Economic Survey, tabled in the Parliament a day before the Union Budget was presented has this to say about employment: “Providing India’s labour force with good high productivity jobs will remain a pressing challenge.” If the government has taken no concrete measure to address this challenge in the last fours, what has it been doing in office? The curious aspect is that the economic survey avoids mentioning any number on jobs whereas the Finance Minister chose to quote a private research paper of two individuals in his budget speech. A closer look at the publicly available numbers makes the whole thing even more interesting. The Table below shows the increase in number of registered contributing...