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20 MAR,2022 | MEDC
Unemployment continues to remain a vital socioeconomic issue in India. With the ongoing pandemic as well as the Ukrainian crisis diverting attention away from it, the issue is whether policymakers are sufficiently engaged with this problem to act decisively on it. As the recent election results in many northern states showed, voters prefer policy continuity to tall promises. That is welcome. However, in the long run, building up a state structure wherein political success depends solely on the expansion of public welfare schemes while the employment base of the economy becomes increasingly wobblier, is asking for trouble. The lower the worker to population ratio, the harder it is for the state to create a sustainable revenue base, and thus to ensure the continuation of socioeconomic entitlements, or even support the existing ones. Covid led to an adverse effect on employment, especially at the bottom of the pyramid, and neglecting it will simply promote an avoidable and unnecessary complication in India's growth story.
Picture Credit: Google
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Interactive Meeting with Mr. Jaykumar Rawal Hon'ble Minister for Tourism & Employment Guarantee Scheme Govt. of Maharashtra