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Interim Budget falls short on a key promise made by Modi; creating jobs

With more than 90% of the labor force employed in the informal economy, the government has struggled to produce reliable data to get an accurate read on the level of joblessness in India

Interim Budget falls short on a key promise made by Modi; creating jobs
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Vrishti Beniwal | Bloomberg
India’s budget provided plenty of giveaways to farmers and middle-class voters, but was short on detail on one of Prime Minister Narendra Modi’s key promises: creating jobs.

The issue has become a politically sensitive one ahead of elections due by May, with the government accused of deliberately withholding the most recent labor report because of the possible bad news it presents. A local newspaper published leaked details of the report a day before the budget, showing the unemployment rate reached a four-decade high of 6.1 per cent in the year to June 2018.

Modi swept to power in May 2014