The Reserve Bank of India governor, Shaktikanta Das, said the new coronavirus, COVID-19, pandemic has adversely affected the country’s economy and the growth outlook doesn’t look good.
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Three months after the government’s report on jobs said India’s unemployment was at a four-decade high, Union minister Santosh Gangwar insists that there is no job crisis. Instead he blamed the north Indians for lacking requisite qualifications for employment.
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Delivering a lecture on “Furthering India’s Promise”, former President Pranab Mukherjee said that India would become a $5 trillion economy by 2024 because of the strong foundation laid by previous governments.
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Minister Manmohan Singh criticized the government for failing to boost the country’s economy to its maximum potential and said the “jobless growth” has slipped into “job-loss growth”, which coupled with rural indebtedness and urban chaos has made the youth restless.
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