-The Times of India NEW DELHI: The BJP government's 'Make in India' initiative could get top billing in the 2015-16 Union Budget with tax breaks and other measures for several sectors. Make in India is the centerpiece of the Narendra Modi administration's bid to revive manufacturing activities and create millions of jobs. With the Chinese economy slowing, India senses an opportunity in the industrial sector. A blueprint for the 25 identified sectors was...
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Only 40 per cent of rural households dependent on farming as main income source: NSSO -Harish Damodaran
-The Indian Express Hardly 58 per cent of rural households in India are engaged in farming activity, which, in turn, contributes not even 60 per cent to their average total monthly incomes. These are the findings of the latest countrywide "Situation Assessment Survey of Agricultural Households" conducted by the National Sample Survey Office (NSSO) for the 2012-13 crop year from July to June. They refute a common perception regarding agriculture - how it...
More »Mission 'achche din': Drag in farm sector can delay economic recovery -Gaurav Choudhury and Zia Haq
-The Hindustan Times Even with the prospects of a year of high growth and low prices, a clutch of disquieting data on the ground suggests that things are still tough, potentially testing the Narendra Modi-led government's ability to pull the economy up. Output in factories has fallen sharply and a depressing farm season this winter, along with a fall in rural wages, could prolong recovery. Simply put, the drag this time...
More »Dividend or nightmare -Santosh Mehrotra
-The Indian Express How many jobs must be created to realise our demographic dividend (or avoid a nightmare)? Half of India's population is below 25. The worst-case scenario is that enough jobs are not created for the millions entering the labour force each year, and that this semi-educated mass becomes a force driving social conflict. The reason that East Asian countries (especially China) rode the wave of the demographic dividend and dramatically...
More »Where are the jobs? -Devinder Sharma
-DNA It's a misconception that high economic growth translates into employment A recent report prepared by the consultancy firm PricewaterhouseCoopers for the Confederation of Indian Industry (CII) harps on the usual premise of boosting economic growth as the basis for job creation. Accordingly, it will still take 20 years to remove unemployment even if India grows at an annual growth rate of 9 per cent. This is exactly what we were...
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