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Mood of The Nation Poll: Did Budget 2019 do enough to generate jobs?

Does Budget 2019 do enough to generate jobs?

Does Budget 2019 do enough to generate jobs?

The MOTN polls conducted over the past five years have regularly showed jobsor the lack of themtopping the list of Indian concerns. This time around as well, unemployment remains a pressing concern, with 35 per cent of those polled rating it as the one issue that concerned them the most. Farmer distress (16 per cent), corruption (11 per cent) and price increase (10 per cent) were other major points of concern.

That being said, nearly 66 per cent of those polled said that the budget presented a credible plan for the economy, with 46 per cent saying that it does enough to create jobs.

However, the jobs debate in India is complicated by the fact that while one set of data indicates a crisis, another suggests that job creation proceeds apace. The Employees’ Provident Fund Organisation dataone barometer of job creation in the formal sectorshows job creation at its highest pace in January 2019 from September 2017 onward. However, critics argue that the EPFO data is not a real measure of jobs generated or lost.

A data leak from the National Sample Survey Office’s job survey for 2017-18 showed a spike in the unemployment rate to over six per centa 45-year high. Whatever the result of that debate, unemployment remains a pressing concern. And in response to a question about what exactly the Modi government should do to create more jobs, 48 per cent said that public sector employment should be expanded. Twenty-two per cent were of the view that the government should incentivise the private sector instead, say, through tax breaks. Twenty per cent plugged for start-ups, saying that it was this sector that should be given government support.