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Job loss despite strong economic indicators: SJM

In a veiled criticism of the Modi government, the Swadeshi Jagran Manch (SJM), a Sangh Pariwar outfit focussing on strengthening self-reliance on the economic front, said there has been huge loss of job in the country despite strong economic indicators in the last few years. SJM National Co-Convener, Satheesh Kumar said there was serious job loss following dumping of cheap Chinese products in the country. “The big reason behind the job loss was the breakdown in the manufacturing industry. Across the country our manufacturing industry, especially the Small and Medium Enterprises (SME) and traditional sector, incurred a heavy loss and were forced to be close down even when the country was giving strong indicators on the economic front,” he decried.

Industries including the textile industry at Panipat, the cycle and sewing machine industry at Ludhiana, the cracker industry in Sivakasi and the garment industry in Tirupur suffered huge loss despite the government’s ambitious project ‘Make In India’, the supply chain of China’s manufacturing goods was running riot. The economy was stable and economic indicators like Sensex and Nifty indices had crossed the 34,000 and 11,000 marks respectively. The rupee has grown strong and stood at `63.65 per US dollar.

“We are a country of young people. We need maximum jobs to be created. Despite the launching of Make in India project, the current system is not helpful for the country,” Kumar noted. The US model and the Western market model cannot address the country’s unemployment issue. Swadeshi development model is what suited India. “In the Swadeshi concept, the young generation should become entrepreneurs,” he advised. Educated youths should opt for launching Startups, SMEs, and turn to agriculture instead of waiting for a government job or becoming an employee in a private firm 42 per cent of the employment is in the agriculture sector and 58 per cent depend on it. But the income of the farmers is very low as the input cost is very high. It has to be brought down.