Jobs – A Promise Made and Delivered by the Modi Government

Published By : Admin | March 19, 2019 | 14:02 IST

New India’s new economy is the home of opportunities. The fastest growing major economy in the world is creating opportunities in employment and entrepreneurship for the youth. There are a number of reports and indicators that show healthy job creation.

Research Reports

  • An analysis by World Data lab suggests that the number of people below poverty line in India is now less than 5 crore. For people to be taken out of poverty, they have to be engaged in certain economic activities.
  • A study by McKinsey Global Institute titled “India’s Labour Market- A New Emphasis on Gainful Employment” has highlighted the fact that increased government spending, rise of independent work and entrepreneurship have led to incremental job growth for 20-26 million people during 2014-17.
  • According to a NASSCOM Report in January 2018, around 1.4 crore new jobs have been created between 2014-17 in four core sectors includingautomotive, IT-BPM, retail and textiles. Around 65 lakh of these jobs were created in the retail sector alone.

Vehicle sales indicate job creation

  • Net of exports, approximately 7.5 lakh vehicles were sold in FY2018 in India. Considering a replacement rate of 25%, this means 5.6 lakh new commercial vehicles added to the transport sector. Assuming a capacity of employment for each commercial vehicle at 2, we can infer that 11 lakh jobs are annual added in this sector alone.Ifthe sales of cars, 3 wheelers and tractors are factored in addition to this,over 30 lakh jobsare created in this sector alone yearly.

 

Manufacturing and investment driving employment

  • The number of mobile and parts manufacturing units increased from 2 in 2014, to 268 in 2018. These units have also opened fresh avenues for direct employment for lakhs of youth. Such a massive expansion also has an impact via indirect job creation.
  • Foreign direct investment is flowing in to India like never before. FDI inflows that stood at US$ 36.05 billion in 2013-14, jumped to US$ 61.96 billion in 2017-18. For the first time in 20 years, in 2018, India beat China in FDI inflows. Such massive investment boosts growth and jobs.

Tourism

  • Tourism sector is known for its ability to create direct and indirect jobs. As foreign tourist arrivals grew by 50% in the last 4 years and foreign exchange earnings from tourism grew from US$ 18 billion to US$ 27 billion, the heightened economic activity has provided more jobs to the hospitality and tourism sector.

According to a report by the Ministry of Tourism, the sector has created 14.62 million (1.46 crore) job opportunities in the country during last four years.

  • Domestic air passengers crossed 120 million in 2018. As UDAN added over 30 operational airports to India’s aviation map, these airports also created jobs and livelihood opportunities in tier II and tier III cities.
  • According to KPMG, the travel and tourism sector grew at 16% per annum adding 30-40 lakh jobs every year.

Self-employment

  • MUDRA aims to provide uncollateralized credit to entrepreneurs up to Rs. 10 lakh. More than 15 crore MUDRA loans worth more than Rs. 7 lakh crore have been disbursed to small entrepreneurs; over 4 crore first time borrowers have started their business using this credit. They would have not only found an employment for themselves but also created more jobs for others.
  • A survey by CII has revealed that MSME sector added about 1.49 crore jobs each year in the last four years. This means nearly 6 crore jobs added during the Modi government’s tenure in the MSME sector.

Formal Jobs

  • As per the data provided by the Department of Income Tax, an average of 1.5 lakh tax paying professionals were added annually between assessment year (AY) 2014-15 and AY 2017-18. Assuming at least some of these professionals hire some support staff, lakhs of fresh jobs are being created annually by these professionals.
  • Between September 2017 and November 2018, a total of 73.50 lakh net new subscribers were added to the Employees’ Provident Fund Organisation database. Similarly, between September 2017 and November 2018, approximately 10 lakh subscribers were added each month to Employees’ State Insurance Corporation database. Even if we consider a 50% overlap with EPFO data, it yields about 10 lakh workers being added to the formal workforce per month, or 1.2 crore

Further, various states have put out claims on the number of jobs created, including Karnataka which claimed to create 53 lakh jobs during 2013-18 and West Bengal which claimed to create 68 lakh jobs during 2012-16 and 9 lakh jobs in 2017. Is it possible that there is job creation happening in various states but not in the country?

As investment in infrastructure projects like roads, railways, and power plants touches an all-time high, with the pace of building rural roads, railway lines and highwaysalmost doubling, more people would be employed to build such infrastructure.

India has emerged as one of the top hubs of start-ups and there is an ecosystem of mobile apps and aggregators created across sectors like food, logistics, consumables, retail etc. This has propelled job creation.

It is evident that, across sectors, the tenure of the Modi government has seen the proliferation of anumber of fresh avenues to engage human capital on a sustainable basis.

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PM Modi’s Vision Fuels Delhi’s Development
April 12, 2024

“Delhi has the good fortune to get an opportunity of keeping the flag of nations' prestige flying high.”
- PM Narendra Modi as Delhi prepared to host the G20 Summit

The last ten years of Prime Minister Narendra Modi’s government have set in motion the creation of a New India—from rural to urban, from water to electricity, from houses to health, from education to employment, from castes to classes—a comprehensive plan bringing growth and prosperity to each doorstep.

The National Capital Territory of Delhi has emerged as a pivotal part of this dynamic developmental momentum spearheaded by PM Modi throughout this transformative decade.

The city has been at the heart of the infrastructural shift that has given a dedicated facelift to the entire nation. Today infrastructural marvels like Atal Setu, Chenab Bridge, Statue of Unity, and Zojila Tunnel dot India’s ever-evolving landscape.

With its focus on revamping transportation networks, upgrading urban amenities, and expanding digital infrastructure, the Modi government has launched an array of transformative initiatives. From railways, highways to airports, these initiatives have been key in galvanising inclusive and sustainable development across the length and breadth of the country.

The impressive expansion of the metro rail network has revolutionised urban commuting in India. From a mere 5 cities in 2014, the metro rail network now serves 21 cities across the nation—expanding from 248 km in 2014 to 945 km by 2024, with 919 km of lines under construction in 26 additional cities.

The Union Cabinet has recently approved two new corridors of Delhi Metro Phase-IV—Lajpat Nagar to Saket G-Block and Inderlok to Indraprastha. Both the lines have a combined length of over 20 kms with a project cost of over Rs. 8,000 crore (funding being sourced from the Union Govt, Govt of Delhi, and international agencies). The Inderlok- Indraprastha line will play a significant role in enhancing connectivity to the Bahadurgarh region of Haryana. Additionally, India’s first Namo Bharat train, operating on the Delhi-Meerut Regional Rapid Transit System (RRTS) corridor further underlines the Modi government’s commitment to enhancing regional connectivity and upgrading its transportation infrastructure.

Further, the Bharatmala Pariyojana envisages improved logistics efficiency and connectivity via the development of nearly 35,000 km of National Highway corridors. 25 greenfield high-speed corridors have been planned under the plan out of which four intersect with Delhi’s growing infra capacity: Delhi-Mumbai Expressway, Delhi-Amritsar-Katra Expressway, Delhi-Saharanpur-Dehradun Expressway, and the Urban Extension Road-II. The total project length sanctioned for Delhi is 203 km with an allocation of over Rs. 18,000 crore.

Over the past decade, the Modi government has consistently dedicated efforts towards augmenting capacity and decongestion of airports. After the IGI Airport Delhi became the first airport in the country to have four runways and an elevated taxiway, the expanded state-of-the-art Terminal 1 has also been inaugurated recently. In addition, the upcoming Noida International Airport (Jewar) shall further contribute to decongestion of the Delhi airport which is serving millions of passengers annually.

Besides, the inauguration of the New Parliament has further added civilisational yet modern connotations to the city’s landscape. Inauguration of the Yashobhoomi (India International Convention & Expo Centre) has given Delhi India’s largest convention and exhibition centre, offering a mixed purpose tourism experience. Along with Yashobhoomi, the Bharat Mandapam, a world-class convention and exhibition centre, showcases India to the world.

In terms of welfare, the Modi government has launched several schemes benefitting people hitherto on the margins of growth and development. Women’s safety in Delhi has been a key concern. To address the same, the Modi government strengthened the Criminal Law (Amendment) Act, 2013 by increasing the quantum of punishment for rape, including capital punishment for rape of a girlchild below the age of 12.

The Union Home Ministry established a separate Women Safety Division back in 2018. One-stop centers, Sakhi Niwas, Safe City Project, Nirbhaya Fund, SHe-Box, Investigation Tracking System for Sexual Offences, and Cri-MAC (Crime Multi-Agency Center) among others are significant additions in the government’s campaign towards women safety.

In addition, Swachh Bharat Mission, PM Ujjwala Yojana, PM Matru Vandana Yojana, and Beti Bachao Beti Padhao have further led to the empowerment of Nari Shakti in India.

As India becomes the 3rd largest startup ecosystem in the world, Delhi is also contributing significantly towards this development. Today over 13,000 DPIIT-recognised startups are functioning in Delhi even as the government is promoting self-employment through PM MUDRA Yojana with over 2.3 lakh loans sanctioned worth over Rs. 3,000 crore for FY2023-24 (as on 26.01.2024).

PM SVANidhi, which provides collateral free loans to street vendors, is supporting over 1.67 lakh beneficiaries in Delhi. Further, under the Aatmanirbhar Bharat Rozgar Yojana, launched in 2020 to incentivise employers for creation of new employment and restoration of loss of employment during Covid-19 pandemic, over 2.2 lakh employees benefitted in Delhi.

Further, nearly 30,000 houses have been sanctioned and completed in Delhi under PM Awas Yojana (Urban).

Air pollution has been a recurring problem for the people of Delhi. Conscious of this reality, the central government has launched the National Clean Air Programme as a national level strategy to reduce air pollution level across the country.

The Modi government's tenure over the last decade has brought about a remarkable transformation in Delhi across various fronts. From infrastructure development to governance reforms, from education to employment, the government's initiatives have left an indelible mark on the capital city. As Delhi continues on its journey of progress and development, the contributions of the Modi government are set to shape its future trajectory for years to come.