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LATEST NEWS UPDATES | India must be careful:?Jobless growth can lead to social unrest

India must be careful:?Jobless growth can lead to social unrest

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published Published on Mar 16, 2017   modified Modified on Mar 16, 2017
-Hindustan Times

With the assembly elections over, one of the big issues which will hog public attention in the coming days is the Jat agitation. Before leaving Delhi after their protests on March 1, the Jats promised to come back on March 20 and convert the city into “Jat land”. Whether they will manage to do that or not only time will tell but the reasons for their anger --- lack of jobs --- will stay.

The lack of adequate employment opportunities was also the key reason behind the recent agitations of the Marathas in Maharashtra and the Patels in Gujarat. This link between such social unrest and high unemployment rates was brought up by Arun Maira, the former India Chairman of Boston Consulting Group, during a meeting organised by Confederation of Indian Industry.

He said that India needs to create jobs or else there will be social unrest. According to the former member of the Planning Commission, India produces the least number of jobs per unit of growth. “The growth of the country should not be measured by GDP alone, but by the quality of jobs, livelihood and jobs that are created,” Mr Maira said.

In fact, this is not the case only in India. According to the International Labour Organisation, the global unemployment rate is expected to rise modestly from 5.7 to 5.8% in 2017 representing an increase of 3.4 million in the number of jobless people. The number of unemployed persons globally in 2017 is forecast to stand at just over 201 million – with an additional rise of 2.7 million expected in 2018 – as the pace of labour force growth outstrips job creation, according to the ILO’s World Employment and Social Outlook – Trends 2017.

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Hindustan Times, 15 March, 2017, http://www.hindustantimes.com/editorials/jobless-growth-can-lead-to-social-unrest-india-must-be-careful/story-RbJyBYDeRK8oCMp9qk71DP.html


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