Not Govt's Job to Create Jobs, Private Sector Has To Do Its Bit: Former NITI Aayog VC Arvind Pangariya
3 years, 11 months ago

Not Govt's Job to Create Jobs, Private Sector Has To Do Its Bit: Former NITI Aayog VC Arvind Pangariya

News 18  

Indian-American economist and former NITI Aayog vice chairman Arvind Pangariya says that while privatisation invites skepticism, the Centre’s focus on it now is of the same magnitude as that of the government of India in 1992. Edited excerpts from the interview: Q: Many economic and market experts were saying that so far the successive budgets by the BJP-led NDA government was not bold on reforms. The government has a large number of centrally- Q: I am going to talk about the political-hot potato right now here in India; while budget announcements have been largely welcomed by experts the problem many argue is getting these ideas and announcements to see the light of the day. If the private sector says we can’t give jobs because of some policy, then tell this to the government.

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History of this topic

PM Modi govt created 17.19 crore jobs in 10 years compared to UPA’s 2.9 crore: Mansukh Mandaviya
1 week, 5 days ago

PM Modi govt created 17.19 crore jobs in 10 years compared to UPA’s 2.9 crore: Mansukh Mandaviya

Live Mint  

The employment in the country has increased by 36 per cent to 64.33 crore in 2023-24 from 47.15 crore in 2014-15, showing improvement in job creation during NDA period, PTI quoted Union Labour Minister Mansukh Mandaviya as saying on Thursday. Comparing the data with Congress-led regime between 2004-2014, the minister while speaking to the media said that the employment in …

Were eight crore new jobs created in three years?
4 months, 3 weeks ago

Were eight crore new jobs created in three years?

The Hindu  

Employment, or the lack of it, has been a major issue of debate among economists and policy makers in India in recent years. Tailing this claim, the research team of the State Bank of India published a validating report that claimed a match between the total number of workers in the India-KLEMS database and in the NSSO’s Annual Survey of …

Job Creation Seems Better Than Before but What About Quality and Sustainability?
5 months, 1 week ago

Job Creation Seems Better Than Before but What About Quality and Sustainability?

The Quint  

India's job market landscape presents a complex narrative, characterised by both positive indicators and underlying anxieties. The Reserve Bank of India recently published 'Measuring Productivity at the Industry Level-The India KLEMS Database,' providing data on employment trends across 27 key industries in India. The database, spanning FY 1980-81 to 2022-23 aims to provide critical data points on economic output, worker …

India’s Modi focuses on jobs creation in first budget after winning polls
5 months, 3 weeks ago

India’s Modi focuses on jobs creation in first budget after winning polls

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s newly formed government presented an annual budget to Parliament that raises spending to generate more jobs and spur economic growth, while aiming to appease coalition partners it needs to stay in power. Modi said the budget will lead India toward “better growth and a bright future.” “Today’s budget will act as a …

RBI Data on Job Creation A Shot in the Arm for Modi Sarkar Ahead of Budget
6 months ago

RBI Data on Job Creation A Shot in the Arm for Modi Sarkar Ahead of Budget

News 18  

A recent RBI data saying India has added 2.5 times more jobs in the financial year 2023-24 — the highest since 1981-82 — has given the perfect ammunition to the government and the finance ministry to counter the perception being spread by the Opposition that governance is crippled and slowed down. In fact, the government — as well as the …

From the India Today archives (2022) | Why the Indian job scene is such a mess
7 months, 1 week ago

From the India Today archives (2022) | Why the Indian job scene is such a mess

India Today  

The word rises like a dirge from all sides, painting the air in hues of what seems like a permanent lament. THE HUNGER Five years ago, India’s unemployment rate stood at a 45-year-high of 6.1 per cent, according to the NSSO’s periodic labour force survey. It even claims there was a 46 per cent decline—from 51 million in 2016-17 to …

Our love of government jobs isn’t good for the economy
2 years, 2 months ago

Our love of government jobs isn’t good for the economy

Live Mint  

Last week, pictures and videos of youth travelling through the north Indian state of Uttar Pradesh to write the exam for the Uttar Pradesh Preliminary Eligibility Test went viral. The report pointed out: “According to the study the total emoluments of a General Helper, who is the lowest ranked employee in the government is ₹22,579, more than two times the …

DC Edit | PM’s jobs drive much needed
2 years, 2 months ago

DC Edit | PM’s jobs drive much needed

Deccan Chronicle  

Set to take its first step towards the declared target of creating, notifying and recruiting mission youth in government jobs, the Narendra Modi government has given the unemployed and under-employed youth, and their families, the best possible Diwali gift. The first tranche of 75,000 virtual job offers to fill a plethora of current public job vacancies is much needed and …

At the centre of job creation
2 years, 6 months ago

At the centre of job creation

The Hindu  

With his announcement that 10 lakh government jobs will be provided over the next 18 months on a “mission mode”, Prime Minister Narendra Modi sent four messages. The NDA government is at present relying on the Employees’ Provident Fund Organisation/National Pension System/Employees’ State Insurance Scheme registrations and exits as indicators of the formal labour market. Role of private sector Even …

Will PM Modi's 'one million job' drive help ease the employment crisis?
2 years, 7 months ago

Will PM Modi's 'one million job' drive help ease the employment crisis?

Business Standard  

Battered by demonetisation, pandemic and subsequent lockdowns, the Indian economy has started showing some signs of revival now. And amid these hopeful and gloomy numbers, Prime Minister Narendra Modi on Tuesday announced to give central government jobs to 1 million people in the next year and a half. If we were to assume that state employment is four times that …

What forced PM Modi's jobs push now
2 years, 7 months ago

What forced PM Modi's jobs push now

India Today  

Prime Minister Narendra Modi has reviewed the status of human resources in all central government ministries and departments and ordered the recruitment of 10 lakh people in a mission mode in the next 18 months,” the PM's Office said in a tweet on Tuesday. — PMO India June 14, 2022 Tuesday’s tweet from the PMO follows protests by frustrated job …

Aakar Patel | To widen ease of biz in India, lift draconian curbs on NGOs
3 years, 5 months ago

Aakar Patel | To widen ease of biz in India, lift draconian curbs on NGOs

Deccan Chronicle  

Few people have understood what the Niti Aayog is or what it does, but its head Amitabh Kant has given his view on how to “enhance the ease of doing business” in India. The first change is that the 23,000 NGOs which received any form of foreign donations could receive that money only in a single branch of the State …

HT Explainer: Haryana’s private sector job quota law and its fate
4 years, 4 months ago

HT Explainer: Haryana’s private sector job quota law and its fate

Hindustan Times  

The emotive private sector job quota issue in Haryana has become the centerpiece of a debate after an ordinance approved by the BJP-JJP cabinet was reserved for the consideration of the President by the Haryana governor. Haryana governor Satyadeo Narain Arya has referred the state cabinet’s decision to grant reservation to locals in private sector jobs to the President. What’s …

Union Budget 2020-21: Corporate India pitches for job creation, higher infra spending, policies for agricultural sector
5 years ago

Union Budget 2020-21: Corporate India pitches for job creation, higher infra spending, policies for agricultural sector

Firstpost  

Corporate leaders on Monday sought initiatives to support job creation besides enhanced spending on infrastructure and policies for the agricultural sector as part of their Budget wishlist New Delhi: Corporate leaders on Monday sought initiatives to support job creation besides enhanced spending on infrastructure and policies for the agricultural sector as part of their Budget wishlist. While participating in a …

Opinion | The ‘observer’s paradox’ and India’s jobs data confusion
5 years, 9 months ago

Opinion | The ‘observer’s paradox’ and India’s jobs data confusion

Live Mint  

It’s election season and claims and counter-claims are flying thick and fast. “Our own internal analysis showed that we are creating around 7.8 million jobs,” said NITI Aayog chief executive officer Amitabh Kant. “Conventional estimates suggested that there are 12 million entrants per year and the country needs roughly around seven million jobs.” Then we have non-government economists. Using Employee …

Blueprint for job creation by January-end: Piyush Goyal
5 years, 11 months ago

Blueprint for job creation by January-end: Piyush Goyal

Live Mint  

New Delhi: The government will come out with a blueprint for creating high-paying jobs for the youth as it tries to assess the job situation on the ground and fix the problems, Railway minister Piyush Goyal said on Tuesday. “The government, economists and think tanks need to engage more to find more paying and quality employment opportunities for the youth …

What company reports tell us about job creation
6 years, 1 month ago

What company reports tell us about job creation

Live Mint  

Mumbai/New Delhi: As the 2019 election approaches and the debate on job creation intensifies, it is worth asking how India has fared in terms of job growth since the Narendra Modi-led National Democratic Alliance swept to power in 2014. While credible data on overall job creation in the economy over the past four years is not available, jobs data reported …

Has economic growth in India been jobless?
6 years, 1 month ago

Has economic growth in India been jobless?

Live Mint  

New Delhi: With the election season upon us, the discourse has already shifted to jobs. According to the World Bank, this is both an unfair and fair criticism: Economic growth has created jobs but just not enough or of the right quality. In a report published earlier this year, as part of its South Asia Economic Focus series, the World …

Not enough jobs, private investments missing: What’s wrong with the world’s fastest growing economy?
6 years, 2 months ago

Not enough jobs, private investments missing: What’s wrong with the world’s fastest growing economy?

Firstpost  

A report from rating agency CARE, released early this week, revealed that India’s employment scenario is not looking good. It said job growth in corporate India moderated to 3.8 percent in fiscal year 2018, from 4.2 percent in the previous fiscal and the problem is most severe with smaller companies. A decline in the job numbers would also give room …

India’s world-beating growth not enough to end deep jobs drought
6 years, 4 months ago

India’s world-beating growth not enough to end deep jobs drought

Live Mint  

Mumbai/New Delhi: The world’s fastest growing major economy isn’t growing nearly fast enough. Yet analysts generally agree that more needs to be done to open up the economy, attract foreign capital and generate the kind of wealth and business opportunities that has broadened the middle class in China, whose $12.2 trillion economy is more than four times as big as …

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