Welfarism is not the solution for India’s job problem, skill creation is

Most economists agree that a lack of good-quality jobs, particularly for India’s burgeoning young population, is one of the urgent priorities to address. It is also generally perceived that in the recent elections, joblessness was a critical issue. Election results in some states show that welfarism is not enough to placate large sections of the electorate. Although the pre-election Congress manifesto had shown a bit more sensitivity to the job issue than that of other parties and came up with some concrete suggestions (though not fully worked out), it is…