Despite rise in budgetary support, NE lags in job creation: Official ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 18
Despite the central government more than doubling budgetary support in the last eight years, the northeast region has lagged behind in economic output and job creation, an NEC official said here on Tuesday. Lakhs of youth from the region are going to other parts of the country for jobs, which implies that "something is amiss in terms of economic development", North Eastern Council Secretary K Moses Chalai said. In 2013-14, the total 10 per cent GBS (gross budgetary support) was around Rs 34,000 crore. This financial year, it has reached Rs 76,000 crore. "Despite this, the production and distribution of goods and services are not happening enough and there are not enough jobs, Chalai said, wh

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