Union Budget FY22: Giving tourism priority this year
In the forthcoming Union Budget, it would be worthwhile trying to shift to a growth trajectory that creates more productive and better-paying jobs. Accelerating the pace of job creation would naturally lead to faster decline in poverty as well as reduction in inequality. The way to do this would be to identify sectors where there is a huge potential for creating better jobs. We need the equivalent of the Production-Linked Incentive (PLI) scheme for creating jobs; an ELI (Employment-Linked Incentive) scheme. An identified job-creating sector would need a scheme crafted specifically for it.