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On need a strong economy

Lots of things have been said but very rarely do I see someone target the root cause and explain it. Here MJ Akbar says what I have been saying for a long time now. Excerpts from his article:

When Modi talks of building a hundred new cities, they can see jobs and opportunity rise with every floor of a new township. One significant indicator of the public anger lies in a statistic: employment has grown, on an average, at only 2% in the past decade. If the rate was higher in the first five years of UPA, when the economy was faring better, then one assumes it must have sunk to less than 2% in the second UPA term. A nation that was soaring on achievement and hope has sunk into depression.
We need a national recovery mission. Only someone who has delivered can offer a credible promise of leading such a critical mission. For those on the wrong side of 30 or 40, five years is just another passage in life. For those who are 20, five years is the difference between aspiration and despair. If a young person does not find a job in these five years, he or she begins to lose that vital energy which comes from self-confidence. If the young do not power the economy then the economy will be stuck in the quagmire of idle waste. There is only one way forward. And there is, among the visible choices, only one person best suited to lift the nation out of a septic swamp. You know his name as well as I do.

I have often quoted here that Demographics if used right is a boon, else a curse. Not many people seem to realize this, even in the stock markets. But above well encapsulates the theme.

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