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Restart: The Last Chance for the Indian Economy

Book by Mihir S. Sharma · 1 quotes · India, Jobs, Urban Planning

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Restart: The Last Chance for the Indian Economy Quotes

“13 million Indians will join the workforce every year from now till 2030. They know their prospects aren’t good. Here’s why: in the years from 1972 to 1983—not celebrated as a time of overwhelming prosperity—the total number of jobs in the economy nevertheless grew 2.3 per cent a year. In the years between liberalization in 1991 and today, jobs have grown at an average of only 1.6 per cent a year. But, if these young people have to be absorbed, then jobs must grow at least 3 per cent a year—almost twice the rate at which they have since liberalization. This is simply not happening. In other words, one out of every two youngsters who starts looking for a job next year won’t find one.”

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Book:Restart: The Last Chance for the Indian Economy
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