Recipe for Karnataka growth model: economic growth topped with job creation

siddu vs pmThe contrast between the BJP government’s exhibitionist two year celebrations and the state of affairs in the country, is as stark as the difference between candy floss consumption and rice dinner. The former is superfluous and the latter is a basic necessity.

While the Modi government has spent Rs. 1,000 crore on its marketing campaign, the country witnessed a jobless growth. Only 1.35 lakh jobs were created this year, compared to more than 9 lakh in 2011 and 4.19 lakh in 2013 in eight labor-intensive industries.

Yet the government has been constantly raising petrol prices despite a global rates. The petrol prices have been increased by Rs. 2.58, and diesel by Rs 2.26 per litre. So much for the BJP’s roaring lion, which seems more like a toothless tiger.

Increased growth and enhanced job creation, are two sides of the same coin, and Karnataka has proved that both these can be achieved with finesse. In a study by Assocham, Karnataka has been ranked as the country's top job creating state with over 24 per cent share during the fourth quarter of the last fiscal, followed by Maharashtra (23 per cent) and Tamil Nadu (10.5 per cent).

Karnataka is also the third among Indian states in attracting FDI as its GDP grew at seven per cent to reach $120 billion in 2015. Karnataka’s share in all India exports stands at 13 per cent and it accounts for 40 per cent of all software exports from the country.

Looks like the BJP government needs to take some important lessons from the Siddaramaiah government, and concentrate its energies on “berozgari mukt” bharat (unemployment free India), more than anything else.

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