Congress general secretary Priyanka Gandhi's remarks came after industry body ACMA on Wednesday said around 1 million jobs could be on the line if the prolonged slowdown in the automobile industry continues.
Terming the situation as 'unprecedented', ACMA President Ram Venkataramani said vehicle sales in all segments have continued to plummet for the last several months thus impacting the component segment as well.
Replying to queries during Question Hour, Minister of State for Planning and Statistics Rao Inderjit Singh termed the issue as 'serious' and said data pertaining to unemployment figures was leaked ahead of its announcement in May this year.
Finance Minister Nirmala Sitharaman presented the first budget of the Modi government in its second term. Sitharaman said India needs to make structural reforms to achieve USD 5 trillion economy in the next few years. Follow live updates here
We need to create between 1 – 1.2 crore jobs per year. Based on the data, with every 1 % growth, we create 7.5 lac jobs (World Bank), and so, we need to grow between 13.3 – 16 % per year to create this number of economic opportunities.
The five-member Cabinet Committee on Investment and Growth includes Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Road Transport and Highways and of MSME Minister Nitin Gadkari and Railway Minister Piyush Goyal.
Theirs is a unique partnership that successfully ground down the anti-BJP narratives around demonetisation, farm distress and job flight, getting people across sections to vote for Modi. And Amit Shah’s realpolitik may now enable the PM to build an inclusive image.
Dharmendra Pradhan, minister for petroleum & natural gas and skill development & entrepreneurship, tells Outlook that there are jobs in the country and more employment opportunities will be generated in the future.