Beruflich Dokumente
Kultur Dokumente
Business News › Jobs Search for News, Stock Quotes & NAV's
12:07 PM | 10 OCT LIVE ெசன்ெசக்ஸ் நிஃப் 50 ேகால் (எம் எக்… எஸ் /ஐஎ… CREATE ஈ- CHOOSE
LANGUAGE
PORTFOLIO மார்க்ெகட்ஸ்…
MARKET STATS 34,631 332.24 10,420 119.45 31,330.00 47.00 74.15 -0.24 TAM
In India, the world’s fastest-expanding economy, the link between growth and job creation
is weakening.
New research from the privately-run Azim Premji University shows that a growth rate of 7
percent is now leading to less than 1 percent improvement in employment, while in the
1970s and ’80s an expansion of 3 percent to 4 percent was resulting in a much higher 2
percent gain in jobs. The outcome is an unemployment rate that’s hit 5 percent in 2015,
the highest in at least 20 years.
Growth has averaged 7 percent since reforms began in 1991 under Prime Minister P.V. Narasimha Rao to open up the economy. The
most recent figures show gross domestic product expanded 8.2 percent in the three months through June from a year earlier, making
India the world’s fastest-growing major economy.
Recommended By Colombia
Proud mom shares her Save up to Rs. 20,690 on
life-saving 65 kg weight the Inspiron 7572
loss journey! Dell India
Good Life Nutrition
India is on track to hold that position, with the International Monetary Fund retaining its growth forecast of 7.3 percent for the fiscal year
through March 2019.
Still, unemployment remains high, especially among young and educated Indians. More than one-third of about 23 million people who
were actively searching for jobs have graduate or higher levels of education, the study found.
Failure to create opportunities for the young workforce will not only hurt Prime Minister Modi’s re-election bid next year, but impede the
economy’s current pace of expansion.
“India’s employment situation and the state of its labor statistics are both subjects of national news. The performance of the present
government on job creation is also expected to be a key issue in the upcoming general elections in 2019,” the researchers said.
https://economictimes.indiatimes.com/jobs/worlds-fastest-growing-economy-isnt-creating-jobs-like-before/printarticle/66142759.cms 1/3
10/10/2018 World's fastest-growing economy isn't creating jobs like before - The Economic Times
Stay on top of business news with The Economic Times App. Download it Now!
https://economictimes.indiatimes.com/jobs/worlds-fastest-growing-economy-isnt-creating-jobs-like-before/printarticle/66142759.cms 2/3
10/10/2018 World's fastest-growing economy isn't creating jobs like before - The Economic Times
Live TV Blogs Privacy policy
Biz Listings RSS
TDS EPFO
Aadhaar Card
Copyright © 2018 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
https://economictimes.indiatimes.com/jobs/worlds-fastest-growing-economy-isnt-creating-jobs-like-before/printarticle/66142759.cms 3/3