Stagflation: Modi orders recruiting 1 million in 18 months -

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By Our Special Correspondent

New Delhi, June 14: With stagflation taking firmly India in its grip, Prime Minister Narendra Modi on Tuesday ordered all the ministries to fill up their vacancies totaling 10 lakhs in the next one-and-a-half year.

“PM Narendra Modi reviewed the status of human resources in all the departments and ministries and instructed that recruitment of 10 lakh people be done by the government in a mission mode in next 1.5 years,” tweeted the PMO on Tuesday morning.

The cryptic tweet of the PMO gave no further details.

But it has been widely noted that India is in a stagflation situation which is marked by low growth and high interest rates, disincentivising the business expansion and activities, which in turn make job creation a daunting task.

It must also be understood that the government recruitments except for the Group A services by the Union Public Service Commission (UPSC) have in the recent years have been woeful. The recruitments by the Railways haven’t taken off.

Modi’s order to recruit 10 lakh people in the next 1.5 years is, sources said, amid the assessment within the government that the high inflation situation would remain for a while in the country, requiring the Centre to step in with measures to boost employments.

However, it must be known that the lakhs of vacancies are existing in the Railways alone which had been extinguishing 10 per cent of the jobs every year to cut its size.

Also, it must be known that the Central government’s ministries and departments in the recent years have resorted to recruit people on contractual basis, with contracts being of a maximum of four years, with consequent caps in the salaries and compensations.

While the PMO has tweeted of the quantum of the recruitments, it has conveniently kept it vague on the nature of jobs, whether they would be permanent or contractual.

The NITI Aayog, the Finance Ministry and other departments are these days full of contractual young professionals who are hired at salaries which are much less than what the private sector offers for the comparable skill sets.

The economists have warned that the public spending must go up to beat the stagflation which will send the private investment in hibernation.

In times of recession, high inflation, the private investment is popularly known to take a backseat with the onus falling on the government to revive the public spending to protect growth and employment.