RisingShiningSuperpower
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Modi-ji will quickly reverse the demographic disaster and turn it into a demographic dividend by 2020. India will be a superpower by 2020!
http://www.ft.com/cms/s/0/4841aa88-5dd6-11e5-9846-de406ccb37f2.html#axzz3m7NZW4Ho
Indian job ad receives 2.3m applicants
©Dreamstime
A Indian job advertisement for humble office tea boys and night guards has attracted 2.32m applicants, including highly qualified graduates, in a sign of how desperate the swelling millions of young Indians are for job security.
Officials said it would take up to four years to conduct interviews for the 368 junior posts advertised by the Uttar Pradesh state government even if candidates were processed at the rate of 2,000 a day by multiple interview boards.
The unprecedented deluge of applications is the latest confirmation of the grim employment prospects in the poor and densely populated states of north India despite an official national unemployment rate of less than 5 per cent.
Narendra Modi, prime minister, promised to create jobs when he was elected last year at the head of the Bharatiya Janata party. His government has focused on programmes to develop workers’ skills, while party leaders have begged young Indians to become entrepreneurs.
But India is struggling to create employment even for the 12m school leavers entering the workforce each year, let alone for the accumulated backlog of unemployed among the population of 1.3bn.
Economists and investors put much of the blame on India’s highly restrictive labour laws, which discourage private employers from hiring, along with the privileges enjoyed by government employees and the “reservation” system of preferences for lower caste Indians. Fewer than a tenth of India’s 500m workers are employed in the formal sector, and half of those have jobs in government or state-owned companies such as Indian Railways.
Asked about the millions of applications for jobs as night-guards or office “peons” — the helpers who clean up and bring tea to bureaucrats — Surjit Bhalla, chairman of Oxus Investments, said: “Everything you know is wrong with India is personified in that statistic . . . both our labour laws and the fact that in a government job you do nothing and get paid a nice, healthy, fat wage. You can’t be fired. You’re there forever.”
The Uttar Pradesh government said it wanted the peons for the state assembly in Lucknow to be able to ride a bicycle and have at least five years of school education, but among the applicants were 255 with doctorates in subjects such as engineering as well as 25,000 with master’s degrees. Salaries start at about Rs16,000 ($240) per month.
“There are no jobs anywhere,” Alok Chaurasia, who has a degree in electronics and communication engineering, told NDTV television news. “The moment I saw the ad for the peon’s job, I applied. Any work is better than nothing.”
Raghuram Rajan, central bank governor, said such waves of applications showed the need to create good, productive jobs. “The problem with government jobs is they have a high status in our society,” he said. “They are also very stable, they provide medical benefits, they provide housing in some cases. So they look very attractive compared to private sector jobs. And typically at lower levels the government pays much more than the private sector.”
He added: “Business has to have the confidence that the environment will be hospitable to invest and create jobs . . . I don’t think there is a short-cut to that, we just have to move forward.”
This is not the first time Indian state employers have been flooded with applications. Only last month, the Chhattisgarh state government cancelled an examination for 30 peon posts in its directorate of economics and statistics when it realised it would be unable to accommodate the 75,000 applicants.
Uttar Pradesh officials say they may have to scrap the interview process to save time in selecting the lucky few who will be hired. “The problem is, if we start conducting interviews for all these candidates, it will take us three to four years to complete, even if we have 10 boards conducting those interviews,” said Prabhat Mittal, an administration secretary of the state government.
Additional reporting by Jyotsna Singh in New Delhi and James Crabtree in Mumbai
http://www.ft.com/cms/s/0/4841aa88-5dd6-11e5-9846-de406ccb37f2.html#axzz3m7NZW4Ho
Indian job ad receives 2.3m applicants
©Dreamstime
A Indian job advertisement for humble office tea boys and night guards has attracted 2.32m applicants, including highly qualified graduates, in a sign of how desperate the swelling millions of young Indians are for job security.
Officials said it would take up to four years to conduct interviews for the 368 junior posts advertised by the Uttar Pradesh state government even if candidates were processed at the rate of 2,000 a day by multiple interview boards.
The unprecedented deluge of applications is the latest confirmation of the grim employment prospects in the poor and densely populated states of north India despite an official national unemployment rate of less than 5 per cent.
Narendra Modi, prime minister, promised to create jobs when he was elected last year at the head of the Bharatiya Janata party. His government has focused on programmes to develop workers’ skills, while party leaders have begged young Indians to become entrepreneurs.
But India is struggling to create employment even for the 12m school leavers entering the workforce each year, let alone for the accumulated backlog of unemployed among the population of 1.3bn.
Economists and investors put much of the blame on India’s highly restrictive labour laws, which discourage private employers from hiring, along with the privileges enjoyed by government employees and the “reservation” system of preferences for lower caste Indians. Fewer than a tenth of India’s 500m workers are employed in the formal sector, and half of those have jobs in government or state-owned companies such as Indian Railways.
Asked about the millions of applications for jobs as night-guards or office “peons” — the helpers who clean up and bring tea to bureaucrats — Surjit Bhalla, chairman of Oxus Investments, said: “Everything you know is wrong with India is personified in that statistic . . . both our labour laws and the fact that in a government job you do nothing and get paid a nice, healthy, fat wage. You can’t be fired. You’re there forever.”
The Uttar Pradesh government said it wanted the peons for the state assembly in Lucknow to be able to ride a bicycle and have at least five years of school education, but among the applicants were 255 with doctorates in subjects such as engineering as well as 25,000 with master’s degrees. Salaries start at about Rs16,000 ($240) per month.
“There are no jobs anywhere,” Alok Chaurasia, who has a degree in electronics and communication engineering, told NDTV television news. “The moment I saw the ad for the peon’s job, I applied. Any work is better than nothing.”
Raghuram Rajan, central bank governor, said such waves of applications showed the need to create good, productive jobs. “The problem with government jobs is they have a high status in our society,” he said. “They are also very stable, they provide medical benefits, they provide housing in some cases. So they look very attractive compared to private sector jobs. And typically at lower levels the government pays much more than the private sector.”
He added: “Business has to have the confidence that the environment will be hospitable to invest and create jobs . . . I don’t think there is a short-cut to that, we just have to move forward.”
This is not the first time Indian state employers have been flooded with applications. Only last month, the Chhattisgarh state government cancelled an examination for 30 peon posts in its directorate of economics and statistics when it realised it would be unable to accommodate the 75,000 applicants.
Uttar Pradesh officials say they may have to scrap the interview process to save time in selecting the lucky few who will be hired. “The problem is, if we start conducting interviews for all these candidates, it will take us three to four years to complete, even if we have 10 boards conducting those interviews,” said Prabhat Mittal, an administration secretary of the state government.
Additional reporting by Jyotsna Singh in New Delhi and James Crabtree in Mumbai
