Unemployment level in India and other South Asian countries remained static for a decade since 1993 despite trade rising from 20 to 34 per cent of GDP in the last 13 years.
There is an attempt to brush aside the results of all surveys that point to a deteriorating jobs situation. This is counter-productive, says Mahesh Vyas.
"Can the revolution in the information technology sector in India resolve India's unemployment problems and the other ills in its labour markets? Certainly not," the Economic and Social Commission for Asia and the Pacific survey said.
'There are companies that are losing and there are companies that are rising.' 'And the companies that are losing are positioning it as an economic slowdown.'
US job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low of 5.8 per cent, underscoring the economy's resilience in the face of slowing global demand.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
'The situation is so bad that they are now sleeping on bridges or footpaths.' 'Therefore, they want to go and die before their parents or wife in case they get infected with COVID-19.' 'Workers don't want to die a dog's death in cities.'
Nokia on Tuesday announced that it will establish a high-end base station controller (BSC) manufacturing unit in Chennai, India.
7 million jobs will be created in formal sector in FY18
There may be some losers as well as winners. And those who lose their jobs to the new technology will soon find other employment, says Martin Feldstein.
Sheela Bhatt visits a large urban basti a mere 20-minute drive from the prime minister's home to discover a story of grim struggle in the time of lockdown.
The report has identified some areas that need attention from India's policymakers.
A government panel examined the records of employees surveyed by Labour Bureau's quarterly enterprises surveys and mapped it with the EPFO's subscribers and found "unexplained variations" between the two.
On the list of 137 economies, Switzerland is followed by the US and Singapore in second and third places, respectively.
While Norway tops the list, India's ranking is the lowest among BRICS economies
ISB professor Tarun Jain talks to Shobha Warrier/Rediff.com about what the government must do to achieve 8 pc growth.
There have been several instances of traders dumping fruits and vegetables outside mandis. Or of farmers dumping produce outside their villages or feeding them to their animals.
In her keynote address at the 8th annual Global Entrepreneurship Summit, she said that despite the soaring rate of female entrepreneurs, women still face steep obstacles to starting, owning, and growing their businesses.
Rural and urban regions present different labour participation and employment levels. These differences also are not tuned to India exploiting its demographic dividend, says Mahesh Vyas.
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
Subramanian said a five per cent growth rate is "remotely not enough" for India to grow and provide the jobs for the expanding labour force.
Enthused by the over 8.0 per cent growth this year, the finance ministry on Monday expressed confidence India will maintain high growth path logging 8-10 per cent GDP growth in the next two decades.
India retains the tag of the fastest growing country among the world's major emerging economies
The government, on Friday, will launch an ambitious pilot project seeking to provide social security to 37 crore (370 million) workers in the unorganised sector.
In India, manufacturing has failed to take off.
For maintaining sustained demand in domestic consumption and household investment, the economy must generate enough jobs in the formal sector,says Shubhashis Gangopadhyay.
With expectations of a significant rise in savings rate and share of working population over next 50 years in India, the current phenomenon of overall surplus in balance of payments may not be a temporary one, RBI deputy governor Rakesh Mohan said.
India has performed poorly in removing gender-based disparities, ranking 114 out of 142 countries in World Economic Forum's 2014 gender gap index, scoring below average on parameters like economic participation, educational attainment and health and survival.
'While the poor have little say in shaping India's intellectual or public discourse, they do have a significant role in deciding political outcomes,' points out Roshan Kishore.
'Is it time to think beyond the traditional questionnaire-based approach in India?' asks Atanu Biswas.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The labour force in India is projected to grow by 1.89 per cent annually with over 9 million additions every year, but improvement in employment situation in formal private sector is likely to remain minimal, the latest International Labour Org says.
Trade unions have called for a nation-wide strike on September 2.
She said Finance Minister Arun Jaitley is working "hard" on the Bankruptcy Code
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances