An unstated shift in Modi’s economic direction
The new ELI scheme for corporates is an acknowledgement by the Narendra Modi government of the breakdown between GDP growth and jobs
The new ELI scheme for corporates is an acknowledgement by the Narendra Modi government of the breakdown between GDP growth and jobs
Two key job schemes announced in the budget on employment-linked incentives and apprenticeship were mentioned in the Congress manifesto.
Hiding behind the reputational ‘pallu’ of the RBI will not solve the jobs crisis, ideas like the Employment Linked Incentive (ELI) will incentivise job creation.