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LATEST NEWS UPDATES | GDP and jobs not good at tango -Basant Kumar Mohanty

GDP and jobs not good at tango -Basant Kumar Mohanty

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published Published on Nov 6, 2018   modified Modified on Nov 6, 2018
-The Telegraph

Higher GDP growth rate has often been accompanied by slowing job growth, an Azim Premji University report says

New Delhi:
Job creation has not only failed to keep pace with the country’s GDP growth over the decades, a higher GDP growth rate has often been accompanied by a slowing job growth, a recent report says.

The State of Working India 2018, a report by the Azim Premji University, would come as a damper on the euphoria generated by India’s improved position in the World Bank’s latest ease-of-doing-business rankings.

Finance minister Arun Jaitley said on Wednesday that India’s 23-place jump to 77 among 190 countries “underscores the need to persist with challenging reforms that can provide more opportunities for people to lift themselves out of poverty and spread prosperity more widely”.

Kamal Karanth, co-fonder of human resource company Xpheno, said the development would encourage foreign companies to invest in India, which will create more jobs.

But Santosh Mehrotra, chairperson of the Centre for Informal Sector and Labour Studies at Jawaharlal Nehru University and one of the authors of the State of Working India 2018 report, said that ease of doing business might not create enough jobs to justify the optimism.

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The Telegraph, 5 November, 2018, https://www.telegraphindia.com/india/gdp-and-jobs-not-good-at-tango/cid/1673912?fbclid=IwAR33ugEHUG9khLJe0VmJoU7fGSBx5qjWlzpqV8fSFy12OQWk6N4VpQp9LPk#.W9-izdpWiFM.faceb


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