Fund crunch, a challenge in job creation, says Garg

While most Indians have a job and are earning something, the problem is that many of them may be earning lower wages or may not be employed according to their qualifications, he said.

“In fact, we have the constraint that we don’t have as much capital and funds to invest so that we can do more (create more employment). The government has invested Rs 3.5 lakh crore in capital expenditure. If we have more funds, we can invest more,” Garg said..

He said generating jobs relates to economic activity, which is producing goods and services, and the surest ways to generate employment is to make the economy grow and ensure the Centre takes up more programs of investment in the country. “The Centre has carried out innumerable programmes of investment in the rural areas whether it is the ‘PM’s Awas Yojana’ where crores of houses are being constructed or large programmes of roads in rural areas and National Highway. Every house generates employment. There is a programme for expanding the LPG connections and fuel delivery. All have potential of generating jobs,” he said.