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India’s high GDP growth not possible without adequate job creation: Amitabh Kant
Apr-18-2019

Niti Aayog CEO Amitabh Kant has said that India has been registering more than 7 percent Gross Domestic Product (GDP) growth rate and this could not have happened without adequate job creation. He also said that when non-NDA ruled states like Karnataka and West Bengal are claiming that jobs are being created, then it was not possible that at all India level, employment is not being generated.

Kant said “how is it possible that we are having 7.5 percent growth and jobs are not being created? It is not possible.” He pointed out that If West Bengal and Karnataka are saying that jobs have been created in their respective states, then how it is possible that at the national level there is no employment generation. His statement comes against the backdrop of a report by Azim Premji University suggesting that employment opportunities declined and 5 million men lost their jobs between 2016 and 2018.

Niti Aayog CEO has stated that India needs to accelerate its growth rate from 7 percent to 10 percent. He also expressed hopes that the country will be amongst the top 25 countries in World Bank’s ease of doing business ranking in the next three years. Adding further, he said Insolvency and Bankruptcy Code (IBC), Goods and Services Tax (GST) and Real Estate Regulatory Authority (RERA) were major reforms undertaken by the Modi government and real impact of these reforms will start reflecting in next two years. He also pitched for opening up of mining and coal sectors for boost job creation.

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