New Delhi, Jan 9 || The Indian economy is in good shape with an expected growth of 7.5 per cent or higher in the current financial year and jobs are being created at a fast pace, so the Budget for 2026-27 must keep up the "focus on jobs, jobs, and jobs", business leader and former Infosys board member TV Mohandas Pai said.
Pai pointed out that 1.2 to 1.4 crore new people are joining EPFO, paying money with Aadhaar. "Don't believe all these leftist JNU people who say there are no jobs. The jobs are happening," he remarked.
"However, the tragedy of India is that we are in the midst of a youth bulge. Between 1990 and 2010, about 50 crore children were born. Now, they're all growing up and coming into the workforce. Every year, two and a half crore young people come into the workforce, and a majority of them want jobs," he said.
Pai said that maybe 1.82 crore people want jobs every year, but 80 per cent of jobs pay less than Rs 20,000, so it is important to create high-paying jobs, especially in urban areas.
He came out strongly in favour of expanding the Kaushal scheme launched by the Centre to provide incentives to the private sector for creating more employment.