The
present government is feeling elated and complacent to project the figure of
GDP growth of 7.5% during the first quarter of the current calendar year. They
are barking up, and trying to climb the wrong tree, maybe to mesmerize the
proletariat of India. The economists and the very learned populace of India,
which obviously constitute a tiny fraction, may agree to this connotation of GDP
growth, but very seriously how many of us are clear of this acronym in details.
The common people, who are mostly living on a meal to meal, will be more
interested to know whether their economic condition will be improved upon or
whether they will be better off socially or whether any of their family members
can get a job or not in the near future. Despite various promises by Modi and
his team, they are not able to assuage the aspirations of job seekers and the
job market is still pervaded with a gloomy atmosphere. Under these
circumstances, how far it is justified to jingle the GDP growth vociferously,
it is not understood. Creation of job opportunities needs a strategic method with
a little bit of lateral thinking to make a change in policy decisions. Everyone
knows that the world market is agog with a recessionary trend, but in the midst
of this economic turmoil, Modi has to trumpet his rhetorical power and convert
the same into a concrete plan to increase the employment growth substantially. In
the past one year, the fact of employment unfortunately does not seem to be a
priority for the policy makers of India. There is a wide gap being perceived
between the talks and the actions. This lack of focus to this vital issue is
creating a topsy-turvy, at least for the younger generations, who is supposed
to be the backbone and the supporters of Modi for a long time.
The
NDA government is screaming from the rooftop of this GDP growth, ultimately,
making confusion whether the condition of shamble economies is still cluttered
or not. The mammoth population of India is not so
agile to keep a pace to this barking of NDA government. Though the investment
scenario is somewhat better, the effervescence of new projects is laudable and
at the same time, abandoning of the old projects are in a declining trade, but
all these are yet to be translated in the growth of employment as people are
looking for.
The
real estate and infrastructure projects, which will cause a growth in employment,
are not at all hunky-dory. This sector is trampled with a sluggish growth. Exports get diminished. The growth of core sectors is hobbling
showing a timid growth. One can only say that economies are recovering, but
that does not warrant for that much whining and complacency.
Modi,
who is a trailblazer runs countries to countries, convincing them to speed up
the process of business augmentation in India and he is personally monitoring
various conceptual strategies like Make in India, but unless he is successful
to induce his home stalwarts, business magnets and industrialists support his
reforms, the employment growth will not rise phenomenally even after a passage
of his whole tenure of five years. So,
he needs to make a shift in his present paradigm and put more focus on the
domestic front so as to increase employment growth along with the GDP.
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