BANGALORE: The kind of social turmoil in Gujarat could probably stir in the same way for other states that are deeply rooted in manufacturing for the quality of jobs are fading away as an increasing number of youngsters are hunting eagerly for quality employment and security.
The Data released by the department of industrial policy and promotion (DIPP) disclosed that new projects intended for 2014-15 are likely to hire lesser than half the number of workers hired on the previous years. the intentions of Filings for investments with DIPP during 2014-15 reveals that entrepreneurs aim to spend Rs 4,20,229 cr on expansion projects while the investment will give yield to just about 4,11,597 jobs or even lesser than a single job per crore of capital invested, reports ET.
The digits were double in the previous year with investment intentions at Rs 4,58,330 crore would propose a straight line of employment which was nearing to a million. The data was generated by the Industrial Entrepreneurs Memorandum filed along with the DIPP in 39 de-licensed industries and is not likely that these intentions will occur on the ground.
As suggested by Crisil Research report that stated capital investments over 22 large sectors is likely to fall 2 per cent in 2015-1 while private investments would take a dip of about 8 per cent. Crisil who didn’t anticipate a recovery until 2017 said “Industrial capex, which accounts for close to 30 per cent of aggregate capital investments, is expected to decline sharply by 16 per cent this fiscal”. The Economic policies of the previous as well as the present government mentioned that an increasing number of workers are shifting from farms to industries
As witnessed in the Patidar anxiety in Gujarat which is considered to be the most industrialized states in the country shows that youth groups are building political pressure to secure a share of stability by bring down government jobs as well as the inclination towards low-priced skilling opportunities that includes engineering and medicine courses.
Manufacturing was regarded to be Gujarat’s way out to economic progress for which it is the state that holds 10 per cent of India's factories, generates a third of the country's drugs, over half of its chemicals, around two thirds of plastics and more than 62 per cent of petrochemicals. Social scientist Ghanshyam Shah in a research paper about Gujarat’s economic growth had pointed out that although there was a shift from farm to non-farm sector, the rate of employment was slow and inconsistent.
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