-DNA It's a misconception that high economic growth translates into employment A recent report prepared by the consultancy firm PricewaterhouseCoopers for the Confederation of Indian Industry (CII) harps on the usual premise of boosting economic growth as the basis for job creation. Accordingly, it will still take 20 years to remove unemployment even if India grows at an annual growth rate of 9 per cent. This is exactly what we were...
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The demographic challenge
-The Hindu The rhetoric on the capacity of countries to reap the so-called demographic dividend cannot mask the more complex reality of a not-so-young world in 2014, and non-uniform patterns of growth. About a quarter of the world's population - 1.8 billion - is in the age-group of 10-24 years, according to the latest United Nations Population Fund report. In 1950, the proportion was higher, at almost a third of the...
More »Creating 'Good Jobs': Assessing the Labour Market Regulation Debate -Radhika Kapoor
-Economic and Political Weekly The current regime seeks to reform labour laws with the understanding that these reforms will improve industrial growth and expand the possibilities of enterprise. However, there is already ample evidence from within India that this obsession with reforming labour law, particularly in the way the government has done it till now, will not take us any closer in creating more jobs or a healthy industrial sector. These...
More »Utopia as skill set -Santosh Mehrotra
-The Hindu Is India ready to cash in on its demographic dividend? A demographic dividend is a once-in-a-lifetime opportunity for a nation and can either make or mar its citizens' present and future. When the share of the working-age population is on a rising curve while the share of dependents (those under the age of 15 and over 60) is falling, it enables workers to save (hence savings share in GDP rises)...
More »Charting a new course for India’s farm resurgence -G Chandrashekhar
-The Hindu Business Line Beefing up input delivery, expanding irrigation facilities & infusing technology are the key India needs rapid economic growth to lift people out of poverty and meet the basic needs of a growing population. It is well recognised that for growth to be inclusive, it must create adequate livelihood opportunities and add to decent employment commensurate with the expectations of a growing workforce. Massive growth in information and communication technologies...
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