Thought for the day
”Business today consists in persuading crowds."
-
T. S. Elliot (American 1888-1965)
Word for the day
Execrable
(adj)
Deserving to be execrated; detestable; abominable;
extremely bad; of very poor quality; very inferior.
(Source:
Dictionary.com)
Teaser for the day
UP, Uttrakhand, Bihar, Assam, Odisha and Himachal Pradesh
suffering from serious floods.
All 6 are non-BJP rules states.
Wonder why no one has sensed a conspiracy in this!
Problem of plenty - I
The India story is largely about ‘demographics’ and ‘sociopolitical
transformation’. Economic growth is a by-product and hence more predictable.
The young demography is one of the major strengths of Indian
economy. This is such a consensus view that it almost sounds cliché to mention
it in an argument.
Nevertheless, young demography is a huge "potential" advantage for
Indian economy, but currently this potential has so far not been exploited
adequately. This failure in exploiting the youth energy to its full potential
is primary problem ailing Indian economy at this point in time, in my view.
I see it as failure of planning process inasmuch as lower
priority has been accorded to (a) enhancing employability of young population;
(b) creation of adequate number of employment opportunities and (c) developing
an integrated approach to plan and monitor mobility of workforce to balance
regional skew in population.
Consequently, it is common to find shortage of skilled, semi
skilled and even unskilled labor in high demand industrially developed regions
of the country. Whereas a large number of people remain unemployed,
underemployed or disguisedly employed in less developed areas.
Even in skilled and semi-skilled labor category serious
imbalances have been observed. I have observed that a few disciplines have
witnessed oversupply of labor, whereas many other disciplines face perennial
shortages. This might have also caused discrepancies in the remuneration
structure over a period of time.
...to continue tomorrow
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