Which is more important;GDP growth or job creation?

 

Modi is trying hard to create more jobs in the organized sectors, but the return of his efforts is not so encouraging.  GDP growth is inevitable, but this particular scenario of more job creations is a factor for the NDA government’s survival. In a democratic pattern of government, the policy makers must formulate the economic policies in such a way that must induce the social welfare of the population.  This welfare when creates benefits for the larger sections of the society and the youth, the incumbent government will definitely retain the power.  Modi emphatically pointed out the necessity of more job creations in the organized sectors and advised the business tycoons and the industrialists of India to think on those lines. They have taken his suggestions in good spirit, but the enthusiasm of Modi has not been converted into job creations significantly. It is true that this government is effective enough to increase the GDP growth, curtailment of inflation and controlling the corruption.  At the same time, the failure of creation of enough jobs, which is required to engage the vast population of the younger generation, is missing. This same situation was there in the last phase of governance of the UPA government.  The then leaders were mostly busy to ensure their names should not be linked to the scams and were totally inactive to this vital policy of increasing the job creations. 

The GDP growth will be more beneficiary for the rich at the cost of the weaker sections.  In contrast, job creations in the organized sectors will give a relief to many unemployed, especially the poor. Further, either providing a job or giving a source of regular income to the needy persons, the government can uplift the socio-economical conditions of the underprivileged fraternity. That is how CPM has ruled the state of West Bengal for almost three decades and more?  One of the triumph cards they used to provide was land reforms and makes the poor land owners powerful. They created a sort of vote banks.

 

Another factor, which supports the job creation, is nearly thirty percent of the total population in the demographic group of 20 to 30 years needs a source of income and the government has to provide support for them.  If not job, then, some other security is to be given.  This will be an enormous task. The above figure is quite alarming when it is compared with the share of the same demographic group in China, Korea and USA. In these countries, these groups are  mostly well settled. So, if the government is not implementing various policies to augment the job creations, it will be a real problem for the government.  It is not that immediate debacle will be there in the next general election and partners of NDA government may not face the problem, but they must be agile. The NDA government must think on this demographic sector of unemployed population otherwise, there will be a threat. Unemployed youth, in the absence of a job, can involve them in unsocial activities, creating violence and even may be disrupting the life of citizens of India.  In fact, we have seen these types of politically created violence like Naxalites and Maoist activities. If this particular demographic sector is not provided with the jobs, then the situation may be very chaotic.  So, there must be a change in the outlook of the government and divert their attention for a while from GDP growth to job creations in the organized sectors. For that, Indian industrialists must come forward to fulfill the charismatic mission of Modi to make India as a hub of Asian Countries.