Jobless growth, together with rural indebtedness and urban chaos, has made the aspirational youth of our country more and more restless, former Prime Minister Manmohan Singh said on Sunday.
“Suicides of farmers and frequent farmer agitations reflect the structural imbalances in our economy which call for serious in-depth analysis and political will to address them. Jobless growth, together with rural indebtedness and urban chaos, have made the aspirational youth of our country more and more restless,” he said, while addressing the convocation ceremony of the Delhi School of Management in New Delhi.
Singh, who has criticised the Prime Minister Narendra Modi-led government for demonetisation and implementation of GST in the past, said attempts at creating additional job opportunities in the industrial sector have failed as industrial growth is not picking up fast enough.
“Small unorganised sectors which were vibrant and contributing to generation of wealth and employment opportunities have grievously suffered in the wake of the disastrous demonetisation and slip-short introduction and implementation of GST,” he stressed.
Underlining the economic and social challenges before India, the former PM said, “We are living in a fast-changing world. On one hand, we are getting more and more integrated with the world economy and exposed to global institutions and market, and on the other hand, there are massive economic and social challenges at home.”
While talking about the Indian economy, the former PM told management students, “You are joining the business world at an important time when India is projected to be one of the world’s three or four economies of the world by 2030.”
First Published: Feb 17, 2019 17:56 IST
Source: HindustanTimes