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00:00I would like to highlight four things that need to be done.
00:03One of them is economic and technical innovation.
00:06If there is a job in the finance sector,
00:08it is equal to the GDP of 10 construction companies.
00:12Even if there are fewer employment opportunities,
00:14we need to innovate in finance and do IT better than technical.
00:18Another thing is,
00:20we need to reduce the index of ease of doing business.
00:23We need to focus on ease of doing business and talk about it.
00:27When it comes to manufacturing,
00:30when the road construction increases,
00:32and when roads are built,
00:35we need to focus on manufacturing because it is easy to move things.
00:40Finally,
00:41we need to integrate artificial intelligence and machine learning.
00:45If the IT sector, which is famous all over India, increases,
00:50foreign exchange will increase.
00:52Since the currency is weak now,
00:54there is a chance that it will increase in India as well.
00:57Will they give a loan to integrate these four sectors?
01:02Or will the central government arrange for it?
01:04I think they will discuss what to do next.
01:07Mr. Seshu, the unemployment rate has been high in the country for some time now.
01:11Even after taking some decisions on this in many budgets in the past,
01:14the situation has not changed much.
01:17What do you want to happen here?
01:18First, inflation is increasing without stopping.
01:21Second, the high unemployment rate in the Indian economy.
01:27Third, the value of rupees is going down.
01:32In the last budget, in 2024-2025,
01:35they have given a lot of support to the development of good deeds and employment.
01:41Mr. Dharidhapu, for these two things,
01:45with a decision to spend 2 lakh crores in 45 years,
01:52they have brought three new schemes for employment development.
01:56They have brought two schemes for the development of good deeds.
01:59They have brought a scheme for job creation in manufacturing.
02:04They have brought a scheme for support to employers.
02:08They have brought a scheme for employment linked.
02:13Along with these three schemes,
02:14they have to arrange 1000 ITIs nationwide for skill development.
02:19Along with this, in the last 45 years,
02:22they have brought a scheme for the internment of 1 crore youths.
02:27What is the purpose of all these schemes?
02:30First, to develop skills in the country.
02:33Second, to increase employment opportunities.
02:37But in the last year,
02:39we have not seen these three schemes and those two schemes to be successful.
02:45Because, we have very clear surveys and statistics.
02:49In the NSSO 6th round survey,
02:52the PLFS reported that the unemployment rate in India is 3.2%.
03:00But what the Center for Monitoring Indian Economy says is that,
03:04in India, there is 9.2% unemployment rate.
03:08In July 2024, there was 7%.
03:12By June, it has increased to 9.2%.
03:16The rate of unemployment in India is increasing.
03:19The Center for Monitoring Indian Economy says that.
03:22But what the PLFS says is that,
03:28only 3.2% unemployment rate in India.
03:33When we see these contradictions,
03:36even when we focus on employment generation and skill development in the last budget,
03:42none of them materialized and did not come to fruition.
03:46Even though we gave importance in the last budget,
03:51we could not do employment generation.
03:54Because employment creation did not happen in that style,
03:56this time to reduce the unemployment rate,
04:00to do new employment generation,
04:03instead of old methods, innovative programs,
04:05new programs, what will they bring?
04:08Will it be through MSMEs,
04:10or by strengthening rural and northern communities,
04:14or by giving more importance to jobs such as employment,
04:18or by bringing new self-employment schemes,
04:22how the government should reduce the increasing unemployment,
04:27it would be good to connect it in the next budget.
04:30Otherwise, there is a possibility that it will turn into a severe effect.
04:34Mr. Prasad, can we expect any democratic policies in the next budget?
04:38Usually, democratic policies will not come in the budget.
04:41Democratic policies are, if they come,
04:42we can give a little bit of a whistleblower in the income tax,
04:47but there will not be much of a contrast.
04:49As everyone expects, major reforms will come,
04:51tax, slab exemption rate will be increased in a different way,
04:55everyone will be affected, there will not be such opportunities.