Swarna Bharat Party President, Mr Vishal Singh said that by continuing the failed policies of the past 65 years, the Modi government has prevented the rapid creation of urgently needed new jobs.
Every month, nearly 10 lakh children turn 18 in India, so at least 10 lakh new jobs are needed each month. But only a small fraction of this are being created. Jobs growth in eight labour intensive industry sectors is now the lowest since 2009.
Jobs are not created by governments but by the people. Jobs are created when governments support markets through the rule of law, property rights and essential infrastructure to make it easy to do business. But today, Indians are prevented from working by regulation, corruption and dismal infrastructure. They are forced to spend precious time in navigating a maze of government imposed restrictions.
Jobs also need workers to have the required skills. But the youth are not being imparted the essential skills. According to The Economist, only 60 per cent of ten year old students are able to complete work at the level of a five-year-old. More than half cannot subtract. Employers tell us that India graduates millions, but too few are fit to hire.
Unfortunately, the Modi government is neither letting people work, nor giving workers the skills they need.
Mr Singh said that unless India’s anti-business policies are urgently reformed, the youth will increasingly take to the streets. The youth have started agitating for government jobs since the private market is essentially defunct. Worse, many are getting radicalised since they have too much time on their hands.
He said that only Swarna Bharat Party has the policies that can break through this nightmare for the country. Only policies in SBP’s manifesto can fix India’s deep-rooted problems of governance. But the Modi government seems to have no clue about governance, and is continuing the same old failed policies.
India needs leadership with a vision. SBP provides that leadership. Mr Singh asked the youth to read SBP’s manifesto to understand why socialist policies can never work. Mr Singh asked the youth to insist on total reforms. India must reform for their sake.