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India Needs Jobs Not Trillions of Dollars

World’s largest democracy India is having a tough time in the economy from the last 2 or 3 years. Country’s has faced many economy hazards in his economy. The main cognition that India is not having a great time and the country’s major sector is not producing jobs they are failing in creating jobs for the young youth. As per the economic experts, the main reasons why companies are not producing jobs or there is meagreness in the country. Experts say that their plenty of reasons why this issue has bugbear for India and the people of India. The first reason which experts feel that why multinational companies are not hiring the employees or we can say recruiting the people is that India’s Economy policies there are some points or we can say that there are some hurdles which are present in economic policies of India. Present government do not have any proper economic policies for the country. Experts also said that FDI ( Foreign Direct Investment) is not rising in India. But FDI in India grew by 6% to $42b in 2019.

Second reason Indian share markets see a heavy downfall. World’s largest democracy seriously having a tough time in the economic conditions from last 3 to 4 months. India’s auto facing a hard time, the Agriculture sector not having the best time problems of the farmers are increasing day by day. Other main concern for India is Weak Burgeoning fiscal deficit, the falling rupee. Now World Bank has thrashed the position of India to the 7th position in the global GDP rankings in 2018, marginally behind the UK and France. Government of India should take impotent measures to improve the economic policy of India. Third Reason IMF has said slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years, saying its GDP will now grow respectively at the rate of 7 and 7.2 per cent reflecting a weaker-than-expected outlook for domestic demand.

Fourth Reason India’s consumer goods industry is losing steam as spending in the country’s rural heartland cools and small manufacturers lose competitive advantages in a slowing economy, market research firm January-March, India’s economy grew at its slowest pace in more than four years, while retail inflation hit an eight-month high in June on higher food prices. Growth in the consumer goods sector in rural India, where over two-thirds of Indians live, was slowing at twice the rate of urban areas in the previous few quarters. Fifth Reason construction jobs are fading, Construction jobs had outpouring several times over a decade ago — from only 17 million in 1999-2000 to 25.6 million in 2004-05 and 50.3 million in 2011-12. Government Of India has also taken several measures to make the economic conditions better and launched many start-up schemes to promote young youngsters for doing business or set up their business to create jobs for the young youth.

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