The Azim Premji University in Bengaluru has released a report with four policy proposals to create 50 million jobs in India’s small towns. This is the university’s second such report; the first was in September.
The report titled ‘The State of Working India’ proposes an Urban Employment Guarantee programme, and a Universal Basic Services programme. The latter calls for raising education spending to 6 percent of GDP and health spending to 3 percent to create over 2 million jobs while offering quality public services.
The report says that employment generation and public service provision should not be compromised for meeting arbitrary fiscal deficit targets, and calls for a new industrial policy to revive manufacturing.
The report finds rising unemployment since 2016 among higher and less educated workers: 5 million workers left the workforce in 2016-2018. The beginning of the decline in jobs coincided with demonetisation in 2016.
(This story appears in the 10 May, 2019 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)