Friday, October 13, 2017

My 2 cents for PMEAC

"The sea has neither meaning nor pity."
—Anton Chekhov (Russian, 1860-1904)
Word for the day
Arcadian (n)
Rural, rustic, or pastoral, especially suggesting simple, innocent contentment.
Malice towards none
Why do we expect our elected representatives to be monks?
First random thought this morning
I am tired of chaffing the media report to segregate the May be True, Likely Fake, and Totally Fake news from the Genuine ones.
At first I found Donald Trump's claim of "total fake" egregious. But slowly I am realizing that doubting everything, when you cannot believe everything, is perhaps the best way of slipping through the banalities of the life. So now I should let it be.
I want to trust only what I can see with my bespectacled & blinkered eyes and be blind and deaf to everything else.

My 2 cents for PMEAC

1.    Economic growth
2.    Employment and job creation
3.    Informal sector and integration
4.    Fiscal framework
5.    Monetary policy
6.    Public expenditure
7.    Institutions of economic governance
8.    Agriculture and animal husbandry
9.    Patterns of consumption and production
10.  Social sector
Like most others, at first I was tempted to find faults and lacunae in the PMEAC strategy and thought process. The temptation becomes even more irresistible when we factor in the fact that PMEAC is quintessentially designed to materially influence the policy direction of the government.
The problem however is that this negative attitude, which unfortunately has been the hallmark of the opposition politics India, does not serve any purpose, except probably giving some sadistic pleasure for couple of hours.
In my view, it is only appropriate that we the people of India, rise above from the influence of cheap political thrills and accept the government of the day as fait accompli. Only this way we shall be able to contribute positively to the nation building. On the contrary if we keep criticizing the incumbent government and wait for the regime to change, we shall only be losing critical time.
What every citizen needs to remember, in my view, is that every year millions of youth pass out of schools & colleges and join the work force. Given the demographic trend, for a decade or so, the number of new job seekers shall increase every year. Moreover, considering the high pace of change in technology the rate of obsolescence of the skill set shall also rise.
In this scenario, if these youth do not get a job appropriate to their skills within one year of their coming to the job market, there is high probability that they will remain underemployed for most of their professional life, because every year a new batch (incremental larger and better equipped) of potential employees will flood the market.
The time for creating job opportunities therefore is a key factor. If we take five years, we would have already wasted millions of youth, who will remain a burden on the society from next many decades.
I shall give my suggestions in these 10 areas in next couple of weeks.

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