We need more of secure jobs for economic revival
We really have two Indias within one major country. The first India is the rich India that includes a huge chunk of highly educated English medium educated people, who have good access to good healthcare and quality education at the PG level and hence are well placed to lead fairly good lives with some disposable income. I am in this bracket as well.At the other end of the spectrum are millions who still suffer with incomes that do not exceed Rs20000/-, per month at 2024 prices and live horrible hand to mouth lives. Since they have access to the Public Distribution System of some rations, they do not starve but only contribute to the economy of the poor.
In the past few years, there has been a horrible scheme called Fixed Term Employment, where the recruits are trained for a maximum of three years with some consolidated salary and PF benefits but they are not on regular rolls.
Dr Raguram Rajan, one of the best former RBI Governors has discussed this aspect in his book,"Breaking the Mould", where he talks about interacting with family members of peons and drivers and such other personnel of RBI at his residence, when they would have dinner with him once a year. He mentions that the secure jobs of RBI has ensured that the children of these personnel have educated their sons very well.
Do we have such a safety net in the FTE scheme? There are hundreds of Dates who jump from one FTE job to another, more so in manufacturing. We really need to have a policy for regular employment of trainees after a training period of two or three years.
We really more social security for the educated.