Mixed reactions from job aspirants to FM’s plan
12 July 2014 5:01 AM IST
Young aspirational folks in the national capital, especially those on the lookout for jobs, have delivered a mixed verdict for the Modi-led government’s first union budget. Hope arises in the union government’s desire to incentivize creation of various enterprises, such as start-ups, MSMEs, manufacturing units, etc. However, the over arching feeling is that the nature of employment generated has not been specified, especially in the context of contractual employment.
Other complaints include lack of clear reform in certain sections of higher education. ‘A huge amount of money has been allocated to the setting up of IITs. However, for those from the social sciences there has not been any mention of reform,’ says Shefali Saini, a post-graduate from the Tata Institute of Social Sciences in Mumbai, now a job-seeker in Delhi. It is good that policies concerned with the Special Economic Zones (SEZs) will be reformed, which shall increment growth in exports and generate employment as the industry expands. ‘However this is a long term project. Once the entire idea is reformed, it has to be established. Then it shall start growing and only after some duration, employment opportunities shall open up. So, I don’t see any scope for us right now,’ says Abhimanyu Kumar, a post-graduate from the Department of Commerce, Delhi School of Economics.
The bulk of commerce graduates look towards the service sector for employment. ‘Except the change in FDI cap from 26 to 49 per cent in the insurance sector, which may lead to employment opportunities in the future, they have hardly talked about the service sector,’ says Abhiroop Sen, another post-graduate from the Department of Commerce.
However, according to some job seekers, Foreign Direct Investments (FDI) doesn’t necessarily equate to job opportunities. ‘Market trends in the past have to be analysed and employment elasticity with respect to expansion has to be measured. FDI can instead lead to mass retrenchment too. So, it is hard to say what the government has for us in its bouquet,’ say Ankita Rastogi, a post-graduate in Economics from the Jawaharlal Nehru University in Delhi.
However, the grass looks greener on the engineer’s meadow. The government has allocated Rs 8,000 crore and Rs 4,000 crore on rural housing and low cost urban housing schemes respectively by the government, besides Rs 37850 crore for its National Highways. Such expenditure will generate jobs for engineers. ‘Also boosting the agriculture market can interest the urban youth because that creates job opportunities. Some corporate entities have started selling vegetables and fruits today. They need manpower to manage and handle such operations,’ says Sandipan Mazumdar, a final year student from Kirori Mal College.
Other complaints include lack of clear reform in certain sections of higher education. ‘A huge amount of money has been allocated to the setting up of IITs. However, for those from the social sciences there has not been any mention of reform,’ says Shefali Saini, a post-graduate from the Tata Institute of Social Sciences in Mumbai, now a job-seeker in Delhi. It is good that policies concerned with the Special Economic Zones (SEZs) will be reformed, which shall increment growth in exports and generate employment as the industry expands. ‘However this is a long term project. Once the entire idea is reformed, it has to be established. Then it shall start growing and only after some duration, employment opportunities shall open up. So, I don’t see any scope for us right now,’ says Abhimanyu Kumar, a post-graduate from the Department of Commerce, Delhi School of Economics.
The bulk of commerce graduates look towards the service sector for employment. ‘Except the change in FDI cap from 26 to 49 per cent in the insurance sector, which may lead to employment opportunities in the future, they have hardly talked about the service sector,’ says Abhiroop Sen, another post-graduate from the Department of Commerce.
However, according to some job seekers, Foreign Direct Investments (FDI) doesn’t necessarily equate to job opportunities. ‘Market trends in the past have to be analysed and employment elasticity with respect to expansion has to be measured. FDI can instead lead to mass retrenchment too. So, it is hard to say what the government has for us in its bouquet,’ say Ankita Rastogi, a post-graduate in Economics from the Jawaharlal Nehru University in Delhi.
However, the grass looks greener on the engineer’s meadow. The government has allocated Rs 8,000 crore and Rs 4,000 crore on rural housing and low cost urban housing schemes respectively by the government, besides Rs 37850 crore for its National Highways. Such expenditure will generate jobs for engineers. ‘Also boosting the agriculture market can interest the urban youth because that creates job opportunities. Some corporate entities have started selling vegetables and fruits today. They need manpower to manage and handle such operations,’ says Sandipan Mazumdar, a final year student from Kirori Mal College.
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