Jobs Market: Modi and Official Data

jobs market: Together we will build a strong and inclusive India, Modi said on Twitter on Thursday, according to The Japan Times. India wins yet again! Modi's victory boosted financial markets as investors expect his government will continue to pursue economic reforms. Official data from India's Election Commission showed Modi's Hindu-nationalist Bharatiya Janata Party ahead in 298 of the 542 seats available, up from the 282 it won in 2014 and more than the 272 seats needed for a majority in the lower house of Parliament. ; That would give it the first back-to-back majority for a single party since 1984. He will be under pressure to create employment for the tens of millions of young people coming on to the jobs market in the next few years and to boost depressed farm incomes. But making good on his promise to unite the country will be difficult as the BJP campaign was often divisive, prompting the minority Muslim community to express fears that they were being treated as second-class citizens. The immediate challenges are to address employment, the issue of agricultural income and revive the banking sector, said Madan Sabnavis, chief economist at Care Ratings in Mumbai. (news.financializer.com). As reported in the news.