an hour ago
Sean M ( @seanm_xi )
As India nears the end of the world’s largest election, which began last month, Modi is confronting anger over his failure to deliver on the promise that brought him to office; economic revitalization.
In India, where job creation has not kept pace with economic growth, finding gainful employment is becoming an increasingly herculean task for educated young people. Of the country’s 1.3 billion people, half the population is under the age of 27, and 1.3 million young people reach working age every month. The World Bank predicts that the Indian economy will keep growing at a remarkable 7.3 percent this coming year. But so will joblessness unless the Indian economy generates 8 million new jobs annually, a huge feat to say the least!
In January, a leaked official report showed that India’s unemployment rate had already hit a 45-year high of 6.1 percent in the last year. The report was withheld from public release, which led two top statistics commissioners to resign in protest. Try as it might, however, there is no way for New Delhi to hide the jobs crisis.
The growing ranks of educated, unemployed, and disgruntled young people are a major issue in India’s ongoing national election, where 900 million voters are eligible to decide whether they want another five years of Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) at the helm or would prefer the Indian National Congress, which led the government for decades post independence. In opinion polls, Modi still has a considerable lead over Rahul Gandhi, the leader of the Congress party. But unemployment is increasingly a problem for whoever wins the election!
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