Overall, the record of the second term reveals a contradiction between the image and the reality. The image, especially on media and social media, is one of the man at the height of his power, and unstoppable. The reality on governance is someone who has found it difficult to get things implemented and unsure of what to do next, points out Aakar Patel.
Kerala Governor Arif Mohammed Khan, Chief Minister Pinarayi Vijayan and Congress MP Shashi Tharoor were also present with the PM as he interacted with the students inside the train.
India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Friday. Varma further said out of the four engines of growth for the economy, exports and government spending supported the Indian economy through the pandemic, but other engines need to pick up the baton now. " I like to think in terms of the four engines of growth for the economy: exports, government spending, capital investment and private consumption. "...while exports cannot be the main driver of growth because of the global slowdown, government spending is necessarily limited by fiscal constraints," he told PTI.
Addressing a summit in Varanasi on the implementation of the National Education Policy, Modi said the system should not just produce degree-holders but provide human resources needed to take the country forward.
Bank of America (BofA) Securities expects India to be the third-largest economy in the world by 2031. The economic rise could become a reality by 2028, but the Covid pandemic delayed the pace, BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in a report.
As many as 58 per cent of citizens surveyed feel confident that India is well prepared to handle the third wave of Covid, LocalCircles said on Thursday.
India's gig workforce is expected to expand to 2.35 crore by 2029-30 from 77 lakh in 2020-21, a NITI Aayog report said on Monday, and recommended extending social security measures for such workers and their families in partnership mode as envisaged in Code on Social Security. The report titled 'India's Booming Gig and Platform Economy' further said gig workers are expected to form 6.7 per cent of the non-agricultural workforce or 4.1 per cent of the total livelihood in India by 2029-30. Gig workers can be broadly classified into platform and non-platform workers.
The youth have to turn into entrepreneurs if India's massive demographic dividend is to be taken advantage of: Smriti Irani.
India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies, Finance Minister Nirmala Sitharaman has said. The minister also emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.
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Female labour force participation in India is lower than many other EM economies.
A college student and a Communist Party of India-Marxist member, she was administered the oath of office by collector Navjot Khosa at the corporation council hall.
Megha Aggarwal of LEAP is working hard to provide Indian students with both vocation and life skills to make them employable.
Karnam Malleswari's medal at Sydney and the Shah Rukh Khan-starrer Chak De! India changed the attitude of the people towards women taking up sports as a career, believes badminton ace Aparna Popat.
Chanda Kochhar said a large section of youth, mainly underprivileged have little access to training that can increase their employability.
His remarks assume significance at a time when a large number of Indian students, many of them studying medicine, have been stuck in Ukraine following the Russian attack on that country.
Planet Earth welcomed its 8th billion inhabitant on Tuesday, a remarkable milestone for humanity that is set to propel India to become the world's most populous country next year, surpassing China amid rising global challenges.
Without adequate growth of employment opportunities, the labour supply bulge could spawn major problems of unemployment, underemployment and low incomes.
Nothing in India's recent history suggests that India can provide 8-9 million jobs a year, let alone generate 50 million jobs in any reasonable time, notes Mahesh Vyas.
A critical step in this direction would be the abolishment of service tax on micro-insurance in order to encourage and increase penetration of insurance.
Rediff.com launches a weekly series that will provide insights into how Young India lives. We will speak to Young Indians across the country about how they earn, spend and save, their ambitions, their dreams, and their goals.
China's emergence as a manufacturing hub is due to a combination of favourable circumstances and astute policies; India should adopt a strategy that is in consonance with its own realities.
If economic pundits and analysts are to believe, India's growth story presents a rosy picture and it is destined to be a significant economic power soon.
There's a lot of emphasis on job placements, but are B-schools being monitored for quality at all, asks Amit Kapoor
11 states were assessed for access to clean water, energy and sanitation and use of iodised salt.
Gandhi also hailed as 'an important idea' the party's decisions to give more representation to the youth and empower them, and added that there should be a 'healthy mix of youngsters and seniors'.
The investment climate is going well in India and the private sector should skill their workforce in the interest of its business, Chief Economic Advisor K V Subramanian said on Thursday asserting that he does not foresee any difficulty in demand and supply of the workforce. Addressing 'Times Network India Economic Conclave', Subramanian further said job creation is part of the virtuous cycle that starts with private investments flowing into the country resulting in production, growth, job creation and increase in aggregate demand which in turn leads to more investments in the economy. The investment climate is going well in India. Other things will follow, though with a lag...it is for the private sector to start recognising that it is in their own business interest that they should skill their workforce. This, in turn, will raise the average level of skills in India," he said.
Researchers at Ambit capital fear that the region "runs the risk of exploding as millions of barely literate men face a lifetime without jobs and without women."
This was a crucial year for India. Its economy is doing fairly well, but it continues to suffer from a non-existent long-term agenda. The latter may well result in India seizing defeat from the jaws of victory: Despite the 'demographic dividend', the lack of a compelling 'idea of India' may well cause it to flounder aimlessly, if not disintegrate into a million pointless mutinies. Events in 2009 would have sown the seeds of either success or failure.
'According to CMIE data, employment in manufacturing saw a reduction from 51 million in the country in 2016 to 27 million in 2021. 'That is, it has halved in just 5 years. 'At the same time, the national lockdown resulted in reverse migration to rural areas, and an increase in the number of workers in agriculture. 'It also means joblessness has increased in agriculture because there are too many workers; the number of workers went up from 200 million to 232 million.'
'What is most distressing is that the revival of the economy, creation of more employment, and reducing poverty are not on the agenda of the government at all.' 'We are an economy on the verge of a demographic disaster.'
The average age of the 125-billion strong Indian population will be 29 years in 2020, even younger than China and the US.
India's youth has to be both educated and employable.
Economist Dale W Jorgenson declares that India is doing "very, very well" and forecasts that India might continue to outrun world economies, including China over the next many years.
India's GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter "V" in the V-shaped recovery stands for vaccine. The Indian government launched the world's biggest vaccination drive on January 16 to protect people from COVID-19. "What will 2021 look like? The shape of the recovery will be V-shaped after all and the 'V' stands for vaccine," said an article on the 'state of economy' in the RBI's January Bulletin. India has launched the biggest vaccination drive in the world, backed by its comparative advantage of having the largest vaccine manufacturing capacity in the world and a rich experience of mass inoculation drives against polio and measles.
Prime Minister Manmohan Singh on Monday described as "well-balanced" the Vote-on-Account presented by Finance Minister P Chidambaram, saying it portrays a "realistic picture" of the economic situation of the country.
"You are seeing my face everywhere," the Congress leader added while addressing a press conference to release the party's 'youth manifesto' along with her brother and former president Rahul Gandhi.
France on Friday announced an investment of 2 billion Euros in India as Prime Minister Narendra Modi invited French companies to pump in money in technology in the fastest growing economy.
The more one thinks about it, the more difficult it is to see how India will be able to reap the benefits of a demographic dividend, says Aakar Patel.
'Today, there is no easy money to be made after the run-up in equities.'
'The central BJP has worked out an arrangement -- Yogi manages the state while Modi manages the Centre.'
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