Achi news desk-
The RBI MPC expressed its views on domestic youth unemployment.
A member of the Monetary Policy Committee of the Reserve Bank of India, the country’s central bank, has honestly put the whole truth in front of everyone about unemployment in the country. RBI MPC member Ashima Goyal said unemployment is highest in the younger age group. After all, what is her truth and will it be resolved in the coming days? Ashima Goyal expressed her views in detail on the subject. Let’s also tell you what he said…
RBI on unemployment
RBI MPC member Ashima Goyal agreed on youth unemployment in the country but did not seem concerned about it. According to him, there is unemployment among the youth, but this unemployment is temporary. According to him, this is because Indian youth spend more time acquiring skills and setting up enterprises. Goyal said that with strong growth, employment generation in the country is continuously improving. According to him, youth unemployment is higher among more talented people, but they also earn higher wages. Therefore, the youth spend more time acquiring skills and looking for work, he said.
Reply to the ILO report
Goyal was answering a question about the report of the International Labor Organization (ILO). According to this report, in 2022, the share of unemployed youth out of the total unemployed population of India was about 83 percent. According to him, unemployment is highest in the younger age group, but it is While waiting, they do informal work or venture into entrepreneurship, where they are very successful.
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Goyal said the IAO report also shows that youth unemployment has decreased in recent times. He said opportunities for youth can be increased through better health facilities, infrastructure, insurance, education and skill training, not only by providing permanent government jobs, which provide security but Also stagnation.
The interest rate has not changed
The Monetary Policy Committee of the Reserve Bank of India decides on the interest rate after two months. which is headed by the RBI Governor of the country. The Reserve Bank of India’s MPC has not made any change in interest rates after February 2023. Prior to that, rates were raised by 2.50 percent from May 2022 to February 2023. After that the country’s repo rate rose to 6.5 percent. According to experts, it does not seem that a change in the policy interest is possible even in the current financial year.
