the parliamentary Elections in India is now entering its second week. With a staggering 900 million voters, it takes more than a month to implement.
the Voters ‘ demands on the next government is clear: organise multiple jobs. For three of the four indians is the lack of jobs, the issue that worries them the most. Rising prices ends up in second place.
five years ago, it promised hindunationalistiska prime minister Narendra Modi to create 10 million new jobs per year to meet the labour market which is filled with a million people every month. However, it has proved difficult, not least to replace the jobs that disappear when agriculture is modernized.
Every day it fills up the rest of the slums with thousands of people living in rural areas in search of livelihoods. At the same time, young people with a university education difficult to find work corresponding to their qualifications.
In January, the unemployment rate was 6.1 percent, the highest level since the 1970s. The government first tried to conceal the statistics from the Nation Sample Survay Centre, but was published by business daily Business Standard.
in the world’s second most populous country. At the same time as unemployment increases the growing indian economy is faster than in any other country. This year it is expected the GDP to increase by 7.3 per cent and the following two years by 7.5 percent, according to the world bank’s forecast. In neighboring China vänas GDP to grow by 6.3 percent this year.
– It is obvious that growth will not create enough new jobs. 25 million people searched for as many as 90,000 jobs in the railways is a clear example. And it is still not if well-paid jobs, said the former central bank governor Raghuram Rajan as sparkats of the Modi government, at a seminar in New Delhi a few months ago.
Raghuram Rajan, former central bank governor. Photo: Roger Turesson
is expected to be re-elected as prime minister in may when the election ends. He is the business man with the ambition to create a new modern India. Modi has completed a rollout of the much neglected infrastructure and introduced a uniform vat rate. Inflation has been halved. India has got better self-confidence and a more important role on the international stage.
In several issues of the economic policy have not, however, Modi delivered. The campaign ”Make in India” was meant to attract foreign companies to move production to India. The target of 25 per cent of GDP by the year 2025 will consist of the manufacturing industry, compared with the current 15 per cent will not be met. So far, it is difficult to see any change.
over the past five years is the chaotic sedelreformen from 2016. The same day that Donald Trump won the presidential election in the united states announced the indian prime minister to all 500 – and 1,000-rupiesedlar became null and void with immediate effect.
Read more: High price for India’s sedelreform
the Idea was to come up to the corruption and money laundering, when the indians were forced to swap old banknotes for new. The result was a kontankkris which lasted several months. In India is done nine out of ten transactions with cash and it took a long time to print new banknotes and reprogram atms. One and a half million people lost their jobs, less traders were knocked out and the country’s GDP was reduced by one per cent.
the Siblings Rahul Gandhi and Priyanka Gandhi. He is the main challenger in the election. Photo: SANJAY KANOJIA
recalls the opposition constantly on the controversial sedelreformen.
the Congress party’s Rahul Gandhi, the grandson of Indira Gandhi, is the main challenger to Modi. If he gets to form a government promise to Gandhi to appoint the two million vacant government posts. A government job is a jackpot in India. The salary is not high, but the jobs are secure and guarantee pension. More than nine out of ten indians are employed in agriculture or the informal sector.
the Congress party’s main election promise is that the poorest fifth of the population a wage guarantee at the equivalent of 800 dollars a month. The BJP wants to carry out land reform and make India more attractive for foreign companies and investors. This time put Narendra Modi, the emphasis is on the försvarssatsningar and anti-terrorism.
It is a concern that the BJP’s hindunationalistiska agenda is about to turn secular India into an ethnic state.
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ndien is today the world’s sixth-largest economy . During the year, the country is expected to secure fifth place (according to market exchange rates) from the previous colonial power Britain, a fact that gets a lot of attention . When India became independent in 1947, the country’s GDP, less than half of the Uk’s. In the early 1990s, before the then finance minister Manmohan Singh began reforming the economy, was India’s GDP less than a quarter of the Uk’s.
About ten years expected India to be the third largest economy after China and the united states.
Read more: this is what happens when 900 million are voting in world’s largest election
