{"id":57115,"date":"2024-05-23T12:23:09","date_gmt":"2024-05-23T12:23:09","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/23\/is-india-suffering-from-an-unemployment-issue-pm-modi-says-the-country-is-generating-jobs\/"},"modified":"2024-05-23T12:23:09","modified_gmt":"2024-05-23T12:23:09","slug":"is-india-suffering-from-an-unemployment-issue-pm-modi-says-the-country-is-generating-jobs","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/23\/is-india-suffering-from-an-unemployment-issue-pm-modi-says-the-country-is-generating-jobs\/","title":{"rendered":"Is India suffering from an unemployment issue? PM Modi says the country is generating jobs"},"content":{"rendered":"
\"Is<\/div>\n
As India<\/a> votes to choose its next government at the Centre, the opposition has targeted the current government on the lack of job opportunities and unemployment<\/a>. However, Incumbent PM and BJP leader Narendra Modi<\/a> said that the indicators say otherwise.<\/p>\n

Modi, eyeing a third consecutive term as the Prime Minister, spoke about the employment scenario in the country in an interview with The Economic Times. \u201cLook at the indicators which prove the job generation. The returns filed by individual taxpayers more than doubled from 3.36 crore in 2013-14 to 8.18 crore in 2023-24,\u201d Modi<\/a> said. <\/p>\n

Employee Provident Fund Organisation (EPFO) payroll data shows that over 6 crore new EPFO subscribers have been added in the last seven years, indicating a surge in youth<\/a> employment. \u201cPLFS data shows that between 2017 and 2023, the participation rate of the worker population ratio has increased to over 56%, and unemployment is at a historic low of 3.2%,\u201d he added. <\/p>\n

India is now creating jobs: Modi<\/h2>\n

PM Modi<\/a> said that every Indian could dream about achieving success under his Viksit Bharat<\/a> vision. \u201cViksit Bharat is a nation where no one is too small to dream and no dream is too big to achieve. Viksit Bharat is a nation where social circumstances or birth do not limit anyone’s growth. Everyone, no matter who they are, can aspire to reach the heights of success,\u201d he said. <\/p>\n

Modi also spoke on the startup environment and opportunities his government has created in the last ten years. \u201cLook at the startup sector, for example. We went from just a few startups<\/a> in 2014 to nearly 1.37 lakh in 2024. We have 100+ unicorns today, and we’re the third largest startup economy<\/a> in the world,\u201d he said. <\/p>\n

\u201cIn the last ten years, we have not just stressed and worked on the creation of jobs, but also invested our efforts in nurturing and creating job creators,\u201d added Modi. Also read: PM Modi sees a big electoral landscape transformation in battleground Odisha <\/a>He credited the MUDRA<\/a> loan scheme that has helped start crores of businesses and entrepreneurial ventures.<\/p>\n

Under the MUDRA scheme, loans up to Rs 10 lakh are given to non-corporate, non-farm small\/micro enterprises. are given to <\/p>\n

Speaking about startups leading the way in research and development, Modi said, \u201cIn R&D, we’re leading the way. Startups themselves have registered over 12,000 patents. And last year, a record 90,300 patent applications were received. India’s youth, empowered with opportunities and innovation under this government, have become the driving force behind the nation’s remarkable growth trajectory.\u201d <\/p>\n

\u201cViksit Bharat is a nation with sustained high growth, strong manufacturing, services, agriculture and technology. It is a nation where economic growth<\/a> is inclusive, where poverty is a thing of the past,\u201d said the prime minister.<\/p>\n

India\u2019s manufacturing drive<\/h2>\n

Regarding creation of jobs in the manufacturing sector, Modi said, \u201cThere was a time when India had only two mobile manufacturing units and over 90% of the mobiles were imported. Today 200+ units are manufacturing mobile phones and almost all the mobile phones used are made in India. We are now the second largest exporters of mobile phones in the world.\u201d <\/p>\n

\u201cThere were times when the potential of toy manufacturing and local artisans was overlooked. Today local artisans are making for the world. Their talent is getting recognised world over. There has been a decline in toy imports by 52% and rise in exports by 239% since 2014,\u201d Modi added.<\/p>\n

Also read: INDI Alliance formed to protect corruption”: PM Modi takes a jibe at Opposition over ‘targeted investigation’ claim <\/a> <\/p>\n

The semiconductor industry is one of the fastest growing industries and the demand keeps increasing. \u201cWe are also focusing on semiconductor manufacturing and are taking rapid strides in this direction,\u201d said Modi.<\/p>\n

Continuing on the manufacturing industry, the prime minister focused on \u2018Aatmanirbhar Bharat\u2019 and the importance of self-reliance. He went back to the Covid-19 pandemic and talked about the country\u2019s vaccination and PPE kit manufacturing.<\/p>\n

Spelling on India’s dependence on imports, Modi said, \u201cFor years, we used to rely on the world for even small items. Not only did it create dependencies but it also caused loss of precious foreign exchange.\u201d<\/p>\n

Apart from jobs through startups, several rozgaar melas have helped create lakhs of jobs, Modi claimed. <\/p>\n

\u201cOur gig economy is also thriving and is expected to grow exponentially in the coming years, with over 20% engaged in highly skilled jobs,\u201d he said.<\/p>\n

Also read: Communal & polarising or labarathi & Viksit Bharat? PM Modi breaks down ideas behind 2014, 2019 and 2024 campaigns <\/a> <\/p>\n

Apart from generating employment and supporting startups, Modi spoke about his vision for the next five years.<\/p>\n

He said that the government would focus on all sectors and bring about infrastructural development across the nation. \u201cViksit Bharat is a nation with world-class transportation networks, renewable energy systems, and smart urban development.\u201d<\/p>\n<\/div>\n


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As India votes to choose its next government at the Centre, the opposition has targeted the current government on the lack of job opportunities and unemployment. However, Incumbent PM and BJP leader Narendra Modi said that the indicators say otherwise. Modi, eyeing a third consecutive term as the Prime Minister, spoke about the employment scenario […]<\/p>\n","protected":false},"author":2,"featured_media":57116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-110367727,imgsize-24750.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[643,53083,36532,19145,1933,1740,15727,273,11081,32971,6980,3496,1686,55970,2910,3129,7362,922,4247,1617,2953,6152,7058],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/57115"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=57115"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/57115\/revisions"}],"predecessor-version":[{"id":57117,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/57115\/revisions\/57117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/57116"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=57115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=57115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=57115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}