What is the amount of investment required to create 1
Million jobs per month ? ( = No of jobseekers joining India's labour market
each month )
That would depend upon the " Industry " for
investment
There are some , " Capital Intensive "
industries which would require a huge investment , whereas , there are some
" Labour Intensive " industries , where a much smaller investment can
generate 1 Million jobs
For example , to generate 1 Million jobs would need :
* Industrial
Instruments ( Labour Intensive )................... Rs 10,000
Cr
* Boilers /
Steam Generating Plants ( Capital Intensive )... Rs 500,000 Cr
{ Source : DIPP , Investment and Job Creation from Aug
1991-Mar 2014
as reported in
Times of India / 17 March , 2015 }
Of course , we don't have to create all of those 1
Million jobs per month , in just one or two industries
If we take an " Average Investment " required
across ALL the industries , then , may be , we need :
Rs 200,000 Cr to generate 1 Million jobs every month
ie : Rs 2 Lakh*Crores
per
month
ie : Rs 24
Lakh*Crores every year
Now , who has got that kind of money to invest , even
if we assume that
> there is a
" Ready Market " for all of those products , here and now ?
> this market
will not shrink in the foreseeable future
?
Obviously , the Governments ( Central + States ) ,
don't !
If we include FDI , may be Private Sector can raise
that kind of money
But will it invest in " Capital Intensive "
industries or in " Labour Intensive " industries ?
Given the current labour laws , it is clear that the
investors will choose to invest in Capital Intensive industries
Even if that means , creation of only 1 Lakh jobs
instead of 10 Lakh jobs !
At this point , it is worth researching whether USA
succeeds in creating some 150,000 / 200,000 new jobs every month , due to its policy of :
" Hire when
you need : Fire when you don't "
Before hiring , do USA industrialists ask of themselves
:
" If things
go wrong and I am forced to trim my work-force , will this recruit
become a
permanent burden ? "
Question that the Labour Laws must answer :
" What comes first ? Creation of new jobs , or , retention of
existing jobs ? "
--------------------------------------------------------------------------
hemen parekh
June 30 , 2015
B2BmessageBlaster
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