How JMM-Led Government Paralysed Jharkhand’s Growth | Analysis

The JMM-led government’s focus on populism and neglect of key sectors has resulted in a significant decline in the state's economic growth, leading to mistrust and despair among the citizens.

Introduction:

The Jharkhand Mukti Morcha (JMM)-led government, which came to power in December 2019, promised to usher in a new era of prosperity for the state.

However, three years into its tenure, the government's focus on populism and neglect of key sectors have resulted in a significant decline in the state's economic growth, leading to mistrust and despair among the citizens.

Decline in Economic Growth:

Jharkhand's economic growth rate has plummeted from 10.24% in 2019-20 to 3.97% in 2021-22, according to the Reserve Bank of India.

This decline is largely attributed to the government's failure to attract investments in key sectors such as manufacturing, mining, and infrastructure.

The government's decision to increase taxes on mining activities has also discouraged investment in the sector, which is a major source of revenue for the state.

Neglect of Education and Healthcare:

The JMM-led government has also failed to prioritize education and healthcare, two crucial sectors for the state's progress.

The government's allocation for education has declined from 19.56% in 2019-20 to 17.32% in 2022-23, while the allocation for healthcare has remained stagnant at around 5%.

This lack of investment has resulted in poor educational outcomes and inadequate healthcare facilities, further exacerbating the state's economic woes.

Rise in Unemployment:

The decline in economic growth has led to a sharp increase in unemployment in Jharkhand.

According to the Centre for Monitoring Indian Economy (CMIE), the state's unemployment rate rose from 5.3% in December 2019 to 9.6% in December 2022.

The government's failure to create new employment opportunities has contributed to the rising frustration and anger among the state's youth.

Political Turmoil and Corruption:

The JMM-led government has also been marred by political turmoil and allegations of corruption.

The government has faced numerous protests and demonstrations over its handling of the state's economy and other issues.

Allegations of corruption have also surfaced, further eroding public trust in the government.

Conclusion:

The JMM-led government in Jharkhand has failed to live up to its promises of prosperity and progress.

Its focus on populism and neglect of key sectors have resulted in a significant decline in the state's economic growth, leading to mistrust and despair among the citizens.

Unless the government takes immediate steps to address these issues, the state's future looks bleak.