Amid ongoing public discontent with Budget 2024, Finance Minister Nirmala Sitharaman’s focus on job creation has garnered notable support from Anand Mahindra. The prominent business leader recently highlighted the urgent need for job opportunities, sharing a viral image depicting a chaotic scene at Mumbai airport where 25,000 individuals competed for just 600 job openings.
In his remarks on social media platform X (formerly Twitter), Mahindra underscored the significance of the budget’s commitment to tackling unemployment. He noted the stark contrast between India’s economic achievements and the pressing need for substantial job creation.
We are the envy of the world in terms of our growth in GDP.
We are the preferred destination of the world for investment because of the belief in our future.
But the vital task ahead for us is to ensure that this growth is now accompanied by an explosion in job-creation.… pic.twitter.com/Z73BKJwWR1
— anand mahindra (@anandmahindra) July 24, 2024
“The most critical takeaway from yesterday’s budget was the Government’s recognition of job creation as a paramount goal. Equally crucial is enhancing the employability of our youth,” Mahindra commented.
Despite India’s robust GDP growth and its status as a top investment destination, Mahindra emphasized that translating this economic success into tangible job opportunities is essential. He argued that while the country is globally admired for its economic progress and investment potential, the next step is to ensure this growth translates into a significant increase in job creation.
Mahindra commended several new job initiatives introduced in the budget, including programs that offer one-month wages to newly hired workers, incentives to boost employment in the manufacturing sector, and a plan to skill 20 lakh (2 million) youth over the next five years. These measures are designed to provide opportunities for 4.1 crore (41 million) young individuals with a total investment of ₹2 lakh crore (₹2 trillion).
“The announced schemes are promising, but their effectiveness must be closely monitored to ensure the incentives are impactful and any necessary adjustments are made. Additionally, the private sector must contribute actively by investing in both job creation and skill development,” Mahindra wrote. “Without a collective effort, our demographic dividend risks becoming a demographic disaster.”
Mahindra’s call to action emphasizes the need for a united approach to address the job crisis and leverage India’s economic growth to create a brighter future for its youth.
Also Read: What’s The Best Way To Save US? Joe Biden Answers
