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{{Use Indian English|date=March 2019}}
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'''Pakodanomics''' refers to the economic policies instituted in India to encourage self employment and entrepreneurship.<ref>{{Cite news|url=http://www.thehindubusinessline.com/economy/budget/budget-coverage/how-jaitley-chipped-away-at-jobless-growth/article22631152.ece|title=How Jaitley chipped away {{sic|nolink=y|atthe}} ‘jobless growth’ problem|work=@businessline|access-date=2018-02-14|language=en}}</ref> This expression originated during an exclusive interview by [[Zee News|Zee Media]] of the [[Prime Minister of India|Prime Minister]] of [[India]], [[Narendra Modi]], with regards to answering the queries in relation to game changing economic reforms.<ref>{{Cite web|url=https://zeenews.india.com/india/top-10-highlights-of-pm-narendra-modis-exclusive-interview-with-zee-news-2074983.html|title=Top 10 highlights of PM Narendra Modi's exclusive interview with Zee News|date=2018-01-19|website=Zee News|language=en|access-date=2020-03-10}}</ref> Since then, this particular utterance has made its rounds within the Indian subcontinent and has received blazing criticism from the members of the Opposition members as well as economic commentators.<ref>{{Cite web|url=https://www.thehindubusinessline.com/economy/budget/budget-coverage/how-jaitley-chipped-away-at-jobless-growth/article22631152.ece|title=How Jaitley chipped away atthe ‘jobless growth’ problem|website=@businessline|language=en|access-date=2020-03-10}}</ref>

The term 'Pakodanomics' has been coined by columnist Vivek Kaul, who also prefers the term ''bondanomics.''<ref>{{Cite web|url=https://www.thinkpragati.com/podcast/the-seen-and-the-unseen/3305/deep-dive-pakodanomics/|title=A Deep Dive Into Pakodanomics » Pragati|last=Staff|first=Pragati|date=2018-01-29|website=Pragati|language=en-US|access-date=2020-03-10}}</ref>

==History==
The term originated from a comment made by the Prime Minister of [[India]], [[Narendra Modi]] in January 2018 stating that street food vendors (selling [[Pakora|pakodas]]) should also be considered in employment statistics and hence unemployment in the country is actually much lower than statistically reported.<ref>{{Cite news|url=http://www.financialexpress.com/economy/no-good-data-on-jobs-available-currently-pmeac-member-bibek-debroy/1060007/|title=No good data on jobs available currently: PMEAC member Bibek Debroy|date=2018-02-09|work=The Financial Express|access-date=2018-02-14|language=en-US}}</ref>

One of the main concerns of the Indian economy during the [[Bharatiya Janata Party|BJP]] government has been increasing employment opportunities for the huge number of youth entering the work force. It is estimated that over one million new people join the work force every month in India while the economy added approximately half a million formal jobs in the whole of the previous year.<ref>{{Cite web|url=https://www.dailyo.in/variety/pakoda-narendra-modi-amit-shah-rajya-sabha-employment-gst-congress/story/1/22207.html|title=Amit Shah defending Pakodanomics in his maiden Rajya Sabha speech is worrying|website=www.dailyo.in|access-date=2018-02-13}}</ref><ref>{{Cite news|url=https://scroll.in/article/867681/the-daily-fix-india-faces-a-serious-job-crisis-pakoranomics-is-not-the-way-to-deal-with-it|title=The Daily Fix: India faces a serious job crisis. Pakodanomics is not the way to deal with it|last=Daniyal|first=Shoaib|work=Scroll.in|access-date=2018-02-13|language=en-US}}</ref><ref>{{Cite news|url=https://www.thequint.com/videos/news-videos/prime-minister-modi-street-vendors-pakoda-employment-comment|title=PM Modi’s ‘Pakodanomics’: What do Informal Sector Workers Think?|work=The Quint|access-date=2018-02-13|language=en}}</ref>

Pakodanomics was also a result of [[2016 Indian banknote demonetisation|demonetization]] which was the sudden banning of 86% of currency in India in November 2016 that led to major economic upheaval.<ref>{{Cite web|url=https://scroll.in/article/821073/note-demonetisation-86-of-indian-currency-and-12-of-gdp-has-been-frozen-overnight|title=Note demonetisation: 86% of Indian currency has been frozen overnight|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>

Pakodanomics also became a light-hearted reference to the economic policies of the government and there were many comedic references at campaign rallies and on television. Commentators seriously tried to dissect the government's policies and realized that in fact that the policies of the government were not generating enough formal employment.<ref>{{Cite news|url=http://zeenews.india.com/blogs/vantage-point-stop-gig-gling-it-is-time-india-took-a-serious-look-at-pakodanomics-2079628.html|title=Vantage Point: Stop gig-gling! It is time India took a serious look at Pakodanomics|date=2018-02-08|work=Zee News|access-date=2018-02-13|language=en}}</ref><ref>{{Cite news|url=http://www.thehindubusinessline.com/opinion/columns/from-the-viewsroom/pakodanomics-and-employment/article22545105.ece|title=‘Pakodanomics’ and employment|work=@businessline|access-date=2018-02-13|language=en}}</ref><ref>{{Cite news|url=http://www.news18.com/news/india/news18-daybreak-the-jaitley-interview-encounters-in-up-and-other-stories-you-may-have-missed-1651769.html|title=News18 Daybreak {{!}} The Jaitley Interview, Encounters in UP and Other Stories You May Have Missed|work=News18|access-date=2018-02-14}}</ref>

== References ==
{{Reflist}}

[[Category:2010s neologisms]]
[[Category:2018 in Indian politics]]
[[Category:Employment in India]]
[[Category:Narendra Modi]]

Pakodanomics - Revision history

imported>WikiCleanerBot: v2.04b - Bot T20 CW#61 - Fix errors for CW project (Reference before punctuation)