Dinesh Kamath's Editorial 'Yawning gap between promises and performance' that was published in Newsband

Yawning gap between promises and performance

The Labour Bureau has compiled statistics for job creation. The latest figures show that 1.35 lakh jobs were created in 2015, the lowest figure by far of any year since then. The latest job creation figures come as a sobering reality check for the NDA government, as increasing employment opportunities has been at the heart of Prime Minister Narendra Modi’s economic plan.

A report outlining the NDA’s vision, Transforming India, released by the Department of Administrative Reforms last month, says 175 million new jobs could be created by 2032 if the economy grows by 10 per cent annually; the figure is 115 million if it grows by 7 per cent.

The said scenario is undoubtedly disturbing yet optimism can be expected through coupled effort of government and private players for the job seekers. With foreign investment being encouraged and regulations moderated for investment in India, a positive inclination in job creation is all set to improve the statistics. Government and people should collaborate and make a plan to curb this sky rocketing unemployment.

About 1 crore Indians enter the workforce annually. One of the measures suggested to meet this vital livelihood need is the "embedding of job generation in the massive infrastructure upgrade" projects. But, where does one find money to scale up the infrastructure? India's "direct tax revenue base is too narrow" to "scale up social & infrastructure investments",

The current Government has made efforts to improve India's standing in the World with many schemes, like 'Make In India' etc etc. This will take time to be realised. Unemployment is unfortunately prevalent all over the World. All the current Indian Government can do is have the right Economic policies in place and help its workforce with training and friendly financial policies in order to realise the Utopia of full employment.

Though the need of the hour is enough job creation, it could only be possible when the ruling party's vision of "make in India" fructifies. We should not expect the jobs pouring at our disposal any time soon. First we should win major breakthrough in winning the deals for the manufacturing to be done in India. As we are witnessing the rising labor cost in China, many companies are shifting its base to a much feasible destination. India has the golden opportunity.

Statistics shows the hollowness of the ruling party and its policies. There has been a yawning gap between promises and performance. But the BJP is more proactive than any previous Governments. They are trying to 'kick-start' various schemes to benefit India and Indians.

But the problem with any Indian government is that it does not have the political will to collect more direct tax from the tycoons - because these oligarchs largely fund the election of its candidates. What we have is nothing but black money democracy.
(Visit Dinesh Kamath's Blog: dkamath.blogspot.in)