Why creating of more jobs should be a priority for the Indian government? What are the costs of not creating more jobs? Comment.
India has duly based with the very young demography as well as fastest growing economy in the world. Sadly, the economic survey data suggest post-liberalization period (after 1991) only brought jobless growth.
The government must focus on better job creation quantitatively and qualitatively for the following reasons:
1. Economic cost to the country:
The cost of social security schemes will have to be increased to achieve the Sustainable Development Goal target of removing poverty and hunger.