A Ticking Time-Bomb ?

Consider the following  :

*  India's population is 1220 million

*  Annual net increase is 15 + million

*  285 million are in the age group of 15-29

*  When GDP was growing at 8 %, we added 5 million jobs / year

*  Now that GDP is down to 4.9 % , we are adding 1 million jobs / year

*  Jobs in India can grow at 15 million / year if GDP grows at 12 % / year  !

*  41 million unemployed are registered with 900+ Employment Exchanges

*  Employment Exchanges find jobs for a mere 3 lakh / year  !

*  Annually , 14 million ( 15 - 1 ) get added to the ranks of jobless !

*  It takes Rs 1 million by way of Capital Investment , to create ONE job

*  National economies around the world are slowing down or shrinking

*  Unemployment among youth has become universal problem

*  All around the World , governments are cutting back on Welfare expenses

*  Root cause of ALL protests / riots / demos everywhere , is JOBLESSNESS

*  Don't be fooled by experts who describe India's Youth as Demographic

    Dividend !

*  Despite being a " Low Cost Economy " ( meaning wages / salaries at 10%

    of those in developed countries ) , jobs are NOT flowing to India . Why ?

    Our youth lack the necessary " Skills " - making them unemployable

*   UPA-2 Government is trying to fool us by saying NSDC ( National Skills

     Development Corporation ) will train 500 million youth in next 5 years !

*   On the other hand , there is NO incentive to Private Sector Industries , to

     come forward to invest in training these 500 million - something that

     would require an investment of Rs 250 Million Million

*   Private Sector has ,  required Money / Expertise / Organizational setup

     to impart such training

*   But that money is in the form of BLACK MONEY  !

*   So , what is the ANSWER  ?

*   Introduce a AMNESTY SCHEME , under which no questions will be asked

     as to the source of funds ( ie Black Money ) , if these are invested by

     the Private Sector in training of India's Youth , in prescribed Skills

*   Private Sector should be allowed to charge a reasonable fee from each

     trainee , 50 % of which should be subsidized by State Governments

*   Income earned  ( from Fees ) shall be tax-free for 10 years

If UPA -2 gets wiped out in 2014 , it won't be because of corruption  !

It will be because of JOBLESSNESS amongst the FIRST-TIME voters  !

And , if NDA comes to power but fails to defuse the ticking TIME BOMB of

UNEMPLOYMENT , it will meet with the same fate in 2019 !

Are our NETAS willing to think " Out of Box "  ?

It is still not too late  !

*   hemen  parekh  ( 09  Feb  2014  /  Mumbai )