Budget 2023: Why India Needs A Jobs Policy
The country's job crisis is structural and systemic; reliance on high growth and manufacturing has simply not worked.
The country's job crisis is structural and systemic; reliance on high growth and manufacturing has simply not worked.
With millions dropping out of workforce, India needs an employment policy and planning to generate new jobs, besides identifying and filling vacancies in central PSUs, PSBs and other of its entities
Galloping inflation and interest rates, low consumption, income and employment crisis-- all together in an economy yet to fully recover from the pandemic make for a deadly cocktail.
Private sector jobs are now more insecure with liberal contractual appointments and hire-and-fire provisions, job and wage cuts and ever growing abysmally low-paying gig work.
The falling labour participation rate and rising unemployment — partly due to Covid-19 lockdowns — pose concerns for the government.