Missed Railways? Opportunities in Gaushala Economy.

"Thousands of youngsters in India have burned down empty train coaches and blocked rail traffic this week in protest against what they call irregularities in recruitment by the mammoth railways department, one of the world's largest employers," Reuters. "The violence erupted on Monday (24 January) after test results for different categories showed that the names of the same people appeared multiple times, which unsuccessful candidates felt wrongly excluded them. Millions of people had applied for some 150,000 jobs in Bihar and neighboring Uttar Pradesh (UP) state, they said." Elections to the UP Assembly will be held in 7 phases from 10 February to 7 March 2022, wikipedia. Predictably, "The Ministry of Railways said on Wednesday a committee had been formed to look into the concerns of the candidates." "While youngsters in the age group of 20-24 years reported an unemployment rate of 37%, graduates among them among them reported a much higher unemployment rate of over 60%," said CEO of Centre for Monitoring Indian Economy (CMIE) Mahesh Vyas. "This is India's real challenge. An equally important challenge is that graduates of all ages put together also have a very high unemployment rate of 18.5%," The Wire. "For India's employment-to-population ratio to be at the global average, nearly 600 million people need to be at work. Currently, only a little more than 400 million are," wrote Andy Mukherjee. Despite this, "New Delhi's tax bounty -- net of what it shares with state governments -- has swelled by 26% in the fiscal year ending on March 31, according to projections by Bloomberg Economics." "Producer-price inflation at three-decade high has stretched nominal gross domestic product by 17.6% giving a further boost to the value of activity that can be taxed." This year's fiscal deficit, around Rs 15 trillion ($200 billion), or 6.5% of GDP, was financed by the Reserve Bank (RBI) buying government bonds to increase liquidity and push down borrowing costs. "The money it printed in the process flowed into stock markets and created wealth for a tiny section of society." "India's Goods and Services tax (GST) revenue posted another strong month, rising 13% from a year ago to Rs 1.30 lakh crore (Rs 1.30 trillion) in December, official data...showed," ET. "This is telling of the nature of the recovery, where sectors and products consumed by the rich have lifted GST collections," said Prof Suranjali Tandon. "The higher revenue collections seen are a combined  result of rising prices, higher imports and, possibly, the pattern of consumption." However, a solution for unemployment is in sight. "Niti Aayog is working on a road map to develop the 'gaushala (cow shelter) economy' to enable commercial use of cow urine and cow dung for multiple purposes, both in India and abroad, said people aware of the matter," ET. Many are not waiting for such exciting employment opportunities. Young people are queuing up for jobs in Canada. "There are not enough jobs for us here, and whenever government vacancies come up, we hear of cheating, leaking of test papers," said Srijan Upadhyay. "I am sure we will get a job in Canada, whatever it is initially." At least there will be no cheating for shoveling dung in Canada. That's the attraction.