India's trajectory towards becoming the third-largest economy paints a picture of a nation straddling two realities: one of impressive economic growth and another of alarming disparities in wealth and employment opportunities. As India positions itself to surpass Germany and Japan in GDP within the next five years, it faces the paradox of economic success shadowed by rising unemployment among its educated youth—a stark 29% among graduates. While India has seen significant reductions in poverty—dropping from 37% in 2004-05 to 22% in 2011-12 and pulling 140 million people out of poverty—the distribution of wealth remains distressingly skewed. The top 10% of the population now controls about 60% of the national income, a near doubling over four decades, while the bottom 50% holds a mere 15%. Such disparities are exacerbated by a services-led economic model that, while contributing significantly to GDP, offers limited employment opportunities compared to the industrial sectors. This economic model, which bypassed the traditional manufacturing-driven employment growth, has instead led to a services sector that employs just over a quarter of the workforce—disproportionate to its contribution to the GDP. The manufacturing sector, which typically absorbs a substantial part of the workforce in developing economies, remains underutilized at only 11.6% employment. This imbalance has kept a significant portion of the workforce in low-productivity agricultural jobs, hindering overall economic equality and sustainability.
The challenge is not just economic growth but the creation of quality jobs that can keep pace with the number of graduates entering the job market each year. India's political narrative has long promised vast employment opportunities, aiming for "Targeting Ten Million Employment Opportunities Per Year" since the early 2000s, yet the reality on the ground is starkly different. Initiatives like the Agnipath scheme for temporary recruitment in the military reflect a desperate attempt to provide employment, yet such measures are far from a sustainable solution. It is imperative for India to harness its economic growth into more equitable job creation, focusing on expanding its manufacturing sector to offer more substantial, stable employment. This shift would not only help in alleviating the employment crisis but would also support a more balanced economic structure that benefits a broader segment of the population. Thus, while we commend India's stride towards global economic prominence, it must not turn a blind eye to the foundational issue of creating meaningful and plentiful employment for its youth. Only then can the narrative of growth transition from quantitative accolades to qualitative improvements in the lives of its citizens.
Choose the correct pair of antonym and synonym for the word "alarming" as used in the passage.
In the context of the passage, "alarming" refers to causing worry, especially regarding disparities in wealth and employment. Thus, "reassuring" is an antonym and "concerning" is a synonym.
In the context of the passage, "alarming" refers to causing worry, especially regarding disparities in wealth and employment. Thus, "reassuring" is an antonym and "concerning" is a synonym.
In the context of the passage, "alarming" refers to causing worry, especially regarding disparities in wealth and employment. Thus, "reassuring" is an antonym and "concerning" is a synonym.
8/10
5/10
7/10
7/10
Thank you so much sir..
8/10
Thank you 😊 sir ji
6/10
9/10 😍
8/10
9/10
8/10
6/10