Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
· The prolonged, and ongoing, slowdown, is the main reason behind the depressing employment scenario, though several structural factors have also contributed to the situation.
· The GDP growth for the second quarter of Financial Year 2019-2020 is 4.5%, the lowest in the last six years, for which a decline in private consumption and investment are the factors primarily responsible.
Boosting urban employment
· Due to the crisis in the real-estate and infrastructure sectors, construction activities have come to a grinding halt.
· To revive demand for housing, the Budget can raise the limit for availing tax exemption on home loans. The 25,000-crore fund set up by the centre to bailout 1,600 housing projects should be put to use immediately.
Private sector’s risk appetite
· The private sector has very little appetite for risky investments and State finances are shaky due to low GST collection, the onus is on the Centre to ensure that the programme does not come a cropper.
· The budgetary support to infrastructure will have to be much more than the NIP projection at 1.11% of the GDP.
· Job openings that arise in the private sector put a premium on practical skills and work experience. Here, popular perception is that a good job requires a college or university degree.
· This misperception is the result of failure of the governments to provide affordable and good quality vocational training programmes.
· To stop the demographic dividend from becoming a national burden, there is a need to invest heavily in skilling of the youth. Besides, the Budget should give tax incentives to companies and industrial units to encourage them to provide internships and on-site vocational training opportunities.
JSJ 5 years
Pls review
IAS Parliament 5 years
Try to include some challenges present in the Indian economy. Keep Writing.
Shantanu tiwari 5 years
Review plz
IAS Parliament 5 years
Good attempt. Keep Writing.
