Pranab Mukherjee urged government to ensure employment creation on rural

Vastavam web: Amid fears of jobless growth, former President Pranab Mukherjee today urged the government to ensure employment creation with a special focus on the rural unemployed.”What type of a growth would we like to have? We must have growth with jobs. Jobless growth cannot be the object of a country like ours, he said speaking at the RD National College here.”I do hope the government and particularly the finance minister, while presenting his budget, will take note of this,” he said.
The remarks come within months of the complaint by then Union Labour Minister Bandaru Dattatreya, about jobless economic growth in the country.”The current growth is a jobless growth. Many European and Asian countries, including India, are facing it… growth is being reported but it is not reflecting in employment generation,” he had said.The country s GDP growth accelerated to 6.3 per cent for the second quarter after plummeting to a three-year low of 5.7 per cent in the preceding three months.
Mukherjee, who has held the Finance portfolio twice, welcomed the growth uptick and said that the next two quarters will see the economy growing by over seven per cent.He also said that the present level of inflation measured both by the wholesale prices and consumer prices is at a “comfortable level.” He claimed that the banks have been able to overcome the problems of NPAs without the government having to provide huge support as seen in some western countries post-crisis.
Mukherjee asked for massive investments in the education sector so that we can deliver on the constitutional promise of social justice.The country s universities have not been able to produce one Noble laureate since C V Raman and the people of Indian origin like Amartya Sen won the coveted prize after working in foreign varsities, he pointed out.