ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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UTTAR PRADESH- Declining Fortunes of Leather Craftsmen

jobs as were found in the previous Plan INDUSTRIAL EMPLOYMENT Besides, there are good reasons to believe that the estimates of industrial employment are exaggerated. For, in real terms, investment in the industrial sector is unlikely to be any higher than in the previous Plan. According to the Rangarajan Committee on financial resources, while the Sixth Plan current expenditure was about Rs 1,10,000 crore, at 1984-85 prices it works out to about Rs 1,67,000 crore. At this rate, the Seventh Plan allocation of Rs 1,80,000 crore may in fact turn out to be no higher than that of the Sixth Plan, even in the best possible scenario. Still, it is estimated that roughly 6.7 million jobs will be found in the manufacturing sector. Those a little more familiar with employment potential of the manufacturing sector suggest a figure of four million to be somewhat realistic.

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