Keep kaam & carry on: FM Sitharaman has recognised the realities of India's job market, and done her best to set things right

The recent budget tackled the pressing need for productive, well-paying jobs in India, aiming to balance the labor-capital mix in industry. It introduced employment-linked incentives (ELIs) and a major internship program for skilling in top companies, projecting the creation of 8 million skilled workers annually. This shift towards labor-intensive production and increased consumption through revised income tax slabs is intended to boost consumer demand. Meanwhile, capital expenditure remained unchanged...