NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News  » Business » India to have maximum working age population in 10 years

India to have maximum working age population in 10 years

November 08, 2010 19:05 IST
India will account for the highest working age population in the next 10 years, the International Labour Organisation (ILO) has said in its report said.

In the document prepared for the G-20 Summit beginning in Seoul on November 11, the ILO said that between 2010 and 2020, the working age population between 15 and 64 years in these countries will increase by 212 million and "over 64 per cent of the increase will occur in only one country - India."

The report said China and Indonesia will see an increase of 23 and 20 million respectively, followed by Brazil and the United States with increases of 15 million and 11 million respectively.

These trends, it said, have a number of implications as G-20 countries will collectively need to generate some 21 million jobs per year till 2020 just to absorb new entrants into the labour market. Prime Minister Manmohan Singh will leave for Seoul on Wednesday to attend the two-day summit.

The ILO urged the G 20 countries including Australia, Canada, China, France, Germany, Indonesia, Japan, Russia, the UK, the US and the EU, besides India, to intensify their focus on "productive employment and job-intensive growth policies."

It also said most emerging economies have seen a rise in employment and a decrease in unemployment in 2010.

The report said though there was positive employment growth in all countries in 2010, the trend was not strong enough to reverse the slack that accumulated in the labour market during the economic crisis.

© Copyright 2018 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.