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Economists Seek Job Creation, Reforms from Modi 2.0

May 27, 2019

Economists Seek Job Creation, Reforms from Modi 2.0

India’s top economists believe that for the government to attract investments and create jobs, it will have to bring a slew of structural reforms in the country. They said that the government must tighten expenditure, create a conducive business environment, introduce new policy measures to increase household savings, and more.

IDFC FIRST Bank’s group chief economist Indranil Pan said that employment can be generated if high economic growth is achieved. The new government will have to take some of the structural reforms for the same, he said.

The Organization for Economic Cooperation and Development (OECD) projected India’s GDP to be 7.5% in FY20 on the back of bettering financial conditions and new reforms.

Photo credit: Presidencia de la República Mexicana on Visual Hunt / CC BY

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