-Outlook Deputy director, ILO Decent Work Team for South Asia and Country Office for India, Sher Singh Verick on India’s high but “jobless” growth mystery Sher Singh Verick, deputy director, ILO Decent Work Team for South Asia and Country Office for India, strives to unravel India’s high but “jobless” growth mystery. Excerpts from an e-mail interview: * On high growth, low jobs Economic growth through investment, consumption and exports generally results in more jobs,...
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The Great Job Chase -Lola Nayar
-Outlook FDI’s up, so is GDP. And yet the demographic dividend lies untapped. Here’s why. Blame it on global or domestic scenario, but the Modi government’s promise of ending a decade of jobless growth during the UPA regime is yet to deliver. This is despite a higher economic growth and over 50 per cent rise in FDI inflow in the last two years. “To break away from the joblessness, we need a structural...
More »India’s jobless growth is undermining its ability to reap the demographic dividend -Christophe Jaffrelot
-The Indian Express The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009 The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009, as in 2015: Only 1.35 lakh jobs compared to more than nine lakh in 2011 and 4.19 lakh in 2013 in eight labour-intensive...
More »India's job growth lowest since 2009: Where are the jobs PM Modi? -Sindhu Bhattacharya
-FirstPost.com New Delhi: Job creation has been suffering under the Modi Government and fresh data released by the Labour Bureau shows the extent of worry on this count. So, even as the country’s GDP growth continues to be healthy and predictions of above-average rainfall this year bring some cheer, the bad news on the jobs’ front needs the government’s immediate focus. A jobless growth does not help anyone. As per the...
More »Manufacturing isn’t the villain in India’s jobless growth story -Roshan Kishore
-Livemint.com Manufacturing is the biggest positive contributor to aggregate employment elasticity in the country, a fact which might appear counter-intuitive to many New Delhi: One of the biggest criticisms of India’s high growth trajectory this century has been its failure to generate jobs. Economists attribute this phenomenon to a decline in employment elasticity of output, which means that the same amount of output growth creates fewer jobs than it used to....
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