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Jul 2, 2024
07/24
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the bbc�*s india business correspondent archana shukla takes a look.oods across sectors, and more export orders that have driven manufacturing growth across factories in india in the last four months, and june has seen another uptick. now, if you have to manufacture more, you need more people on the shop floor, and that is reflected in the hiring trends. much of this increase in manufacturing jobs would be contractual and in engineering driven sectors like automobiles, electronics and capital goods, and this would give some respite to prime minister modi's government, as creating jobs is the biggest challenge he's facing in his third term as prime minister. he has long positioned india's factories to fuel growth. but despite india being the fastest growing major economy in the world, this growth has largely come from government sector spending in infrastructure development, and the growth has also paralleled a sharp rise in unemployment in the last two years, especially post covid, more workers have moved out of factoryjobs and have gone back to agricu
the bbc�*s india business correspondent archana shukla takes a look.oods across sectors, and more export orders that have driven manufacturing growth across factories in india in the last four months, and june has seen another uptick. now, if you have to manufacture more, you need more people on the shop floor, and that is reflected in the hiring trends. much of this increase in manufacturing jobs would be contractual and in engineering driven sectors like automobiles, electronics and capital...
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Jul 24, 2024
07/24
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shukla explains.appeasing political allies, crucial to keep the modi government in power, appear to be the three key focus areas this budget. it seems the government has finally accepted that despite the shiny gdp growth, joblessness remains the biggest challenge for the economy, and hence the higher spending on creating morejobs in the formal sector. there are cash transfer schemes for newjoinees, support for small and medium enterprises and manufacturing units that create these jobs. spending on infrastructure remains the biggest allocation in this budget. $134 billion that was allocated in the interim budget remains unchanged. with infrastructure spending, there is definitely a tilt on welfare spending, as expected. the government does have the money to spend on welfare schemes while also keeping its fiscal deficit target, that they have listed at 4.9%, in place. so we saw a slew of infrastructure projects like roads, airports, industrial corridors being announced for the state of bihar and a finan
shukla explains.appeasing political allies, crucial to keep the modi government in power, appear to be the three key focus areas this budget. it seems the government has finally accepted that despite the shiny gdp growth, joblessness remains the biggest challenge for the economy, and hence the higher spending on creating morejobs in the formal sector. there are cash transfer schemes for newjoinees, support for small and medium enterprises and manufacturing units that create these jobs. spending...
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Jul 23, 2024
07/24
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earlier, i spoke to our india business correspondent, archana shukla, who's been mulling through allities for the narendra modi government in its third term, the focus is on job creation and keeping political allies in good humour because that is required to stay in power in parliament. we saw the 2a billion rupee outlay for job parliament. we saw the 2a billion rupee outlay forjob creation, india will need to create 80 million jobs every year if it has to continue the economic growth agenda and this is possibly the first step from the government and a clear indication that they have looked into this issue and are working on it, sojob creation being a large section of the budget announcement today and the budget announcement today and the second being a large outlay of new roads, railways, colleges and infrastructure projects being announced, and financial packages for two of the bigger political ally states for the government. there were also taxed weeks being done to help the middle class get more money in their hands. inflation is quite high and price rises have been affecting hou
earlier, i spoke to our india business correspondent, archana shukla, who's been mulling through allities for the narendra modi government in its third term, the focus is on job creation and keeping political allies in good humour because that is required to stay in power in parliament. we saw the 2a billion rupee outlay for job parliament. we saw the 2a billion rupee outlay forjob creation, india will need to create 80 million jobs every year if it has to continue the economic growth agenda...
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Jul 23, 2024
07/24
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make let's go live make to delhi where my colleague archana shukla joins us from outside the parliamentt the priority for the government in a third term, the focus is on job creation and keeping their political allies in good humour because that is being required to stay in power in the parliament so we saw the $24 million repeat out war break out way -- $24 million repeat out war break out way —— $24 million outlay. they will need to create 80 million jobs every year if it has to be a power with economic growth agenda and this is probably the first step for the government and a clear indication they have looked into this issue and are working on it to job creation being a large section of the government, and the second being a large outlay of new roads, railways, medical colleges and infrastructure projects being announced for a state and financial packages well, two of the bigger political allies for the government. there are also some tax tweaks being done to help the middle class get more money in their hands and remember inflation is quite high in price rises have been affecting ho
make let's go live make to delhi where my colleague archana shukla joins us from outside the parliamentt the priority for the government in a third term, the focus is on job creation and keeping their political allies in good humour because that is being required to stay in power in the parliament so we saw the $24 million repeat out war break out way -- $24 million repeat out war break out way —— $24 million outlay. they will need to create 80 million jobs every year if it has to be a...
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Jul 23, 2024
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let's go live to delhi where my colleague archana shukla joins
let's go live to delhi where my colleague archana shukla joins
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Jul 23, 2024
07/24
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let's go live to delhi where my colleague archana shukla joins us from outside the parliament. let's talk about what this means for narendra modi and his third term. he has occurred this victory but can he do everything that he wants because he is counting on other parties for support in the parliament behind you? absolutely, the parliament here, the majority this time for the prime minister is much weaker than what was for the last two terms he was in office, certainly not everything that the government and the prime minister would want to do they could do as easily as they would have on the last few years. they have coalition partners and there will be pressure from them on getting through some of the bigger policy reforms, if you talk about the budget today, the expectation is — while there would be a continuation of expenditure, capital expenditure, massively on infrastructure that we have seen over the last few years, there would also be a tilt away on welfare spending as well. the coalition partners have also demanded some money and budget for their states, that could als
let's go live to delhi where my colleague archana shukla joins us from outside the parliament. let's talk about what this means for narendra modi and his third term. he has occurred this victory but can he do everything that he wants because he is counting on other parties for support in the parliament behind you? absolutely, the parliament here, the majority this time for the prime minister is much weaker than what was for the last two terms he was in office, certainly not everything that the...
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Jul 12, 2024
07/24
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our reporter archana shukla is in mumbai and told us what we can expect from the big day. early as december, but the big one was in march with an event held injamnagar — that's the home town of the ambani family and the location of their major oil refining complex. it hosted 1,200 guests, including mark zuckerberg, bill gates, ivanka trump. katy perry, rhianna, backstreet boys, justin bieber, were just some of them who performed at the pre—wedding celebrations and current celebrations are expected to amp up the glitz. the ambanis are known for their lavish weddings but this one is turning out to be the most glamorous and expensive to date. some critics have called it the most ostentatious, with the public display of wealth and opulence in a country known for its rising wealth inequality. but despite the criticism the wedding has been one of the most watched and followed events on social media. for the ambanis, however, running the country's most valuable business conglomerate, it is also a show of their clout. just want to return to pictures of shepherd's bush, the focus o
our reporter archana shukla is in mumbai and told us what we can expect from the big day. early as december, but the big one was in march with an event held injamnagar — that's the home town of the ambani family and the location of their major oil refining complex. it hosted 1,200 guests, including mark zuckerberg, bill gates, ivanka trump. katy perry, rhianna, backstreet boys, justin bieber, were just some of them who performed at the pre—wedding celebrations and current celebrations are...