Opinion | India needs better jobs, not just more of them
6 years, 4 months ago

Opinion | India needs better jobs, not just more of them

Live Mint  

It is an essential input for economic development, creating new markets, new industries and productivity-enhancing innovation. It is also a political economy headache, narrowing the space for policy manoeuvring and creating political incentives for counterproductive palliative measures—think subsidies, rigid labour laws and quota creep. Second, India’s employment elasticity—the percentage change in employment associated with one percentage point change in economic growth—compounds the problem. Government jobs, on the other hand, provide the fundamental elements that, ideally, quality private sector jobs with remunerative pay in conjunction with state infrastructure should give access to, such as medical care and housing. Digitization of land records under the National Land Records Modernization Programme, blockchain, and drone mapping, along with myriad new technologies, have the potential to strengthen survey and recording of property rights when allied with political direction, as in Andhra Pradesh.

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History of this topic

India's small businesses drive jobs growth, wage gains curbed by inflation
3 weeks ago

India's small businesses drive jobs growth, wage gains curbed by inflation

The Hindu  

India's small businesses spanning the manufacturing, trade and services sectors added about 11 million jobs in the year to the end of September, with total employment rising to 120.6 million from 109.6 million the previous year, though wage growth was limited by high inflation. The number of small manufacturing businesses, mainly family- owned units such as garment makers, auto component …

Size matters: Decoding Indian manufacturing’s problem of scale
1 month, 1 week ago

Size matters: Decoding Indian manufacturing’s problem of scale

Live Mint  

New Delhi: The production-linked incentive scheme—one of the ways in which this government was hoping to increase manufacturing in India—is going through a slowdown, with planned expansions to the programme being put on hold. Size does matter As of 2019, the last date for which data was available, Bangladesh’s ALTF sector employed 2.45 million people, with 66% of those working …

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre
Trending News
1 month, 1 week ago

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre

Hindustan Times  

Leader of Opposition in the Lok Sabha, Rahul Gandhi on Sunday said that the India's Gross Domestic Product growth rate has fallen to its lowest in two years at 5.4 percent. Rahul Gandhi on Sunday said India's GDP growth has dropped to 5.4 percent, the lowest in two years. The thing is clear - the Indian economy cannot progress as …

IMF Sees India's Economic Growth and Outlook as Stable
2 months, 3 weeks ago

IMF Sees India's Economic Growth and Outlook as Stable

New Indian Express  

India remains the world's fastest-growing economy, with inflation expected to decline to 4.4% in FY24-25. IMF Director Krishna Srinivasan highlights the country's strong macroeconomic fundamentals, including a large and growing population, favourable harvests, and a stable fiscal situation. Srinivasan suggests that the country focus on creating jobs, removing trade restrictions, and investing in infrastructure and education to strengthen its economy …

Upskilling India's Workforce: A Roadmap for the Future Economy
3 months ago

Upskilling India's Workforce: A Roadmap for the Future Economy

Hindustan Times  

The article highlights the need for India to invest in skill development and upskilling its workforce to address the challenges of a rapidly changing job market. The government's recent policy aims to enhance skill development for its youth through various initiatives, including the Skill India Mission and the launch of a new scheme focused on collaborative efforts between state and …

Job Creation Seems Better Than Before but What About Quality and Sustainability?
5 months, 1 week ago

Job Creation Seems Better Than Before but What About Quality and Sustainability?

The Quint  

India's job market landscape presents a complex narrative, characterised by both positive indicators and underlying anxieties. The Reserve Bank of India recently published 'Measuring Productivity at the Industry Level-The India KLEMS Database,' providing data on employment trends across 27 key industries in India. The database, spanning FY 1980-81 to 2022-23 aims to provide critical data points on economic output, worker …

Centre questions Citigroup’s report on employment in India
6 months ago

Centre questions Citigroup’s report on employment in India

The Hindu  

The Union Labour Ministry questioned the findings of a report prepared by the United States-based banking giant Citigroup and said the group failed to account for the “comprehensive and positive employment data” available from official sources such as the Periodic Labour Force Survey and the Reserve Bank of India’s capital, labour, energy, material and services data. The Citigroup’s report had …

Labour ministry rebuts Citigroup's research report on employment in India
6 months, 1 week ago

Labour ministry rebuts Citigroup's research report on employment in India

New Indian Express  

NEW DELHI: The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey …

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup
6 months, 1 week ago

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup

Hindustan Times  

India will struggle to create enough jobs for its growing workforce over the next decade even if the economy grows at a rapid pace of 7%, Citigroup Inc. said, suggesting the world’s most-populous nation will need more concerted steps to boost employment and skills. India will struggle to create enough jobs for its growing workforce over the next decade even …

Has the growth of India’s economy translated into domestic jobs?
9 months ago

Has the growth of India’s economy translated into domestic jobs?

Live Mint  

Recently, two international organizations published their assessment of India’s labour market and employment situation. Over the 42 years between 1980-81 and 2021-22, non-farm employment in India grew at a compounded average annual growth rate of 3.16%. As stated in its report, the concern of the World Bank is that the employment ratio in South Asian economies, including India, has declined …

How to create more jobs for India’s educated youth | In Focus podcast
9 months, 1 week ago

How to create more jobs for India’s educated youth | In Focus podcast

The Hindu  

The India Employment Report 2024, released recently by the International Labour Organisation, paints a grim picture. The news is particularly bad on two critical counts: joblessness is particularly high among the youth, and its worse for the educated youth. According to the report, India’s youth account for 83% of the unemployed workforce, with the share of the educated youth among …

There is no discord over India’s growth and employment trends
11 months ago

There is no discord over India’s growth and employment trends

Live Mint  

Coming to manufacturing, between 1998-99 and 2003-04, employment growth was 7.3 million. There is a clear slowdown in manufacturing employment growth between 2008-09 and 2013-14. So, it stands to reason that the decline in agricultural employment, which was of the order of 17.8 million, was absorbed by services and other sectors, given that the economy as a whole added 13.1 …

India’s jobs crisis, the macroeconomic reasons
1 year ago

India’s jobs crisis, the macroeconomic reasons

The Hindu  

There are many indications everywhere that India continues to be going through a jobs crisis. Employment growth rate is determined by the relative strength of two factors — the output growth rate and the labour productivity growth rate. If labour productivity growth rate does not change, higher output growth rate increases employment growth rate. On the other hand, if labour …

Book Excerpt | India's growth story diverges from the pan-Asian narrative
1 year ago

Book Excerpt | India's growth story diverges from the pan-Asian narrative

Deccan Chronicle  

Asian export-led growth accelerated the typical shift in labour between sectors, but the transformation was similar to the one that rich countries had already gone through. Thus, the manufacturing share of employment in an economy as a function of its income per person first increases as workers move from agriculture to manufacturing, then decreases as they move from manufacturing to …

Hiring in India: 37% employers planning to increase staff strength by 2024 March
1 year, 1 month ago

Hiring in India: 37% employers planning to increase staff strength by 2024 March

Live Mint  

India has one of the strongest hiring sentiments in the world over the next three months, with 37 percent of businesses planning to increase their staff levels in response to strong domestic demand, a report has stated. As per the survey, India and the Netherlands reported strongest net employment outlooks at 37 percent, followed by Costa Rica and the US …

Bharat’s Model of Economic Growth Cannot Be Built on Western Models - News18
1 year, 2 months ago

Bharat’s Model of Economic Growth Cannot Be Built on Western Models - News18

News 18  

Policymaking in the agriculture space is rife with several myths, misconceptions, and assumptions. A NITI Aayog paper from 2022 highlights four structural paths that farmers could find themselves on: the Farmer Developing Path, the Lewis Path, the Lewis Trap, and the Farmer Excluding Path. The Indian agricultural sector employs 44 per cent of the labour force in the country while …

Indian economic prospects may require a more realistic analysis
1 year, 4 months ago

Indian economic prospects may require a more realistic analysis

Live Mint  

The chaos and cacophony of bazaars have a life-affirming quality. Walking through a Delhi bazaar last week, chatting with friendly shopkeepers and roadside merchants and revelling in the warm glow of traditional India, it was impossible not to feel optimistic about the country’s prospects. Recall that, in 2020-21, India’s economy, still recovering from an unwarranted demonetization, contracted by 7% as …

Create more competitive jobs to drive the Indian economy ahead
1 year, 6 months ago

Create more competitive jobs to drive the Indian economy ahead

Live Mint  

Manufacturing has been the backbone of many economies. Competitive jobs don’t just assure employees wages in the marketplace, they also provide opportunities for people to develop capabilities that can enhance productivity over time. The International Labour Organization’s World Employment and Social Outlook 2023 report considers productivity as “key to addressing today’s multiple crises". According to McKinsey’s analysis in 2020, to …

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing
1 year, 7 months ago

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing

Firstpost  

The coming 24-25 years will be crucial to India in determining its stakes as a global political and economic power. The fifth-largest economy now needs to gear up to its highest potential, with the manufacturing sector being given a fair chance to show its charisma Outperforming expectations, India’s GDP grew at the rate of 6.1 per cent in the last …

Tapping advantages of population structure
1 year, 9 months ago

Tapping advantages of population structure

China Daily  

A nurse takes care of a newborn baby at Gansu Provincial Maternity and Childcare Hospital in Lanzhou. India's large population is set to boost its international standing, especially as it is already the world's fifth-largest economy and the fastest growing major economy. Although India has a young and dynamic population with high fertility potential, farmers make up more than 70 …

Our love of government jobs isn’t good for the economy
2 years, 2 months ago

Our love of government jobs isn’t good for the economy

Live Mint  

Last week, pictures and videos of youth travelling through the north Indian state of Uttar Pradesh to write the exam for the Uttar Pradesh Preliminary Eligibility Test went viral. The report pointed out: “According to the study the total emoluments of a General Helper, who is the lowest ranked employee in the government is ₹22,579, more than two times the …

India Inc could play a lead role in our economy’s global emergence
2 years, 6 months ago

India Inc could play a lead role in our economy’s global emergence

Live Mint  

As India celebrates its 75th year of Independence with the Azadi ka Amrit Mahotsav, we stand at the cusp of a new emerging world order. As former PM Manmohan Singh had commented, “The brightest jewel in the British crown was the poorest country in the world in terms of per capita income at the beginning of the 20th century.” Post-independence, …

What forced PM Modi's jobs push now
2 years, 7 months ago

What forced PM Modi's jobs push now

India Today  

Prime Minister Narendra Modi has reviewed the status of human resources in all central government ministries and departments and ordered the recruitment of 10 lakh people in a mission mode in the next 18 months,” the PM's Office said in a tweet on Tuesday. — PMO India June 14, 2022 Tuesday’s tweet from the PMO follows protests by frustrated job …

Joblessness on the rise in India
2 years, 8 months ago

Joblessness on the rise in India

The Hindu  

After many years of refusing to recognise there is a jobs crisis in India, the government of India, faced with relentless data to the contrary, has now resorted to misinformation. As compared to the 8% per annum GDP growth in the period 2004-14, and 7.5 million new non-farm jobs created each year over 2005 to 2012, the number of new …

A hazy picture on employment in India
2 years, 11 months ago

A hazy picture on employment in India

The Hindu  

The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. Also, the unemployment rate in the female labour force in rural areas is far lower than the male labour force, whereas the opposite holds true in urban areas. This is despite the fact that the …

Explained: Why India's economy needs a manufacturing push
3 years, 4 months ago

Explained: Why India's economy needs a manufacturing push

India Today  

India’s economy needs a strong manufacturing push as the nation’s dominant services sector struggles to return to normalcy after two deadly waves of the Covid-19 pandemic. Read | Covid-19: India’s services activity in May contracts for 1st time in 8 months SLOW PROGRESS IN MANUFACTURING Even before the pandemic brought the economy to a standstill in 2020, growth in India’s …

Even as economic recovery continues, India lost 5.5 lakh jobs in October
4 years, 2 months ago

Even as economic recovery continues, India lost 5.5 lakh jobs in October

Deccan Chronicle  

Chennai: Despite the economic recovery seen in October, the month has recorded a fall in employment for the first time since May, finds CMIE. However, the salaried class added close to 5 million jobs and businesses and farmers another five million, which led to a net job loss of 5.5 lakh, said Kruti Shah, economist, Emkay Global Financial Services. The …

The missing middle aggravates India’s jobs conundrum
4 years, 3 months ago

The missing middle aggravates India’s jobs conundrum

Live Mint  

Any country sees genuine progress when it creates jobs. McKinsey Global Institute in a recent report titled India’s turning point—An economic agenda to spur growth and jobs points out that India has around 600 large firms which earn a revenue of more than $500 million per year. There aren’t enough large firms in India because of India’s missing middle of …

India's jobless growth, coronavirus impact and rising unemployment
4 years, 4 months ago

India's jobless growth, coronavirus impact and rising unemployment

India Today  

When India’s growth was blooming in 2016-17, it earned the tag of the fastest-growing major economy in the world. READ | Welcome to Jobless Growth: Why India is facing an unemployment crisis They warned that the rate of jobless growth could severely impact India’s economy which depends heavily on the middle class population, engaged primarily in salaried jobs and entrepreneurship. …

India needs to create 90 million jobs by 2030 to avoid economic stagnation
4 years, 4 months ago

India needs to create 90 million jobs by 2030 to avoid economic stagnation

Deccan Chronicle  

Chennai: India’s GDP would have to grow by 8 to 8.5 per cent annually and the country would have to create jobs for 90 million workers by 2030. Over the decade to 2030, 60 million new workers are likely to enter the workforce as per current demographic trends, and an additional 30 million workers could move from farm work to …

For India’s formal job market, worst seems over, says staffing firm
4 years, 7 months ago

For India’s formal job market, worst seems over, says staffing firm

Live Mint  

India’s unemployment rate has probably peaked with large companies looking to restart hiring as the economy gradually exits the world’s biggest lockdown, says the head of a top staffing firm. “I can see the bend in the road, and the bounce back in hiring in sectors like financial services, health care, and last-mile logistics will be sharper.” The outlook from …

Opinion | Unlocking the economy: policy roadmap for India after 14 April
4 years, 9 months ago

Opinion | Unlocking the economy: policy roadmap for India after 14 April

Live Mint  

Long before the coronavirus surfaced as a pandemic, the Indian economy was in the midst of a serious downturn. The following sectors, taken together, account for more than two-fifths of India’s gross domestic product : manufacturing, mining, construction, trade, hotels & restaurants, and transport. The same sectors, taken together, also account for more than two-fifths of total employment: manufacturing, mining, …

Misses in manufacturing
4 years, 10 months ago

Misses in manufacturing

The Hindu  

ONE of the highlights of the latest Economic Survey is its optimism that India will be able to create 40 million well-paid jobs in manufacturing by 2025. According to the recent Periodic Labour Force Survey, manufacturing employment in India in 2017-18 was only 60.2 million, which was 12.8 per cent of the country’s total workforce in that year. According to …

What World Bank has to say about low Indian productivity, L&T Infotech delivers a superlative Q3; all this and more on Moneycontrol Pro
4 years, 11 months ago

What World Bank has to say about low Indian productivity, L&T Infotech delivers a superlative Q3; all this and more on Moneycontrol Pro

Firstpost  

The World Bank’s flagship publication, ‘Global Economic Prospects’, this year looks at the question of labour productivity. India’s fastest-growing financial subscriptions service, Moneycontrol Pro, is available both on the website and mobile apps. Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations. What the World Bank has to say about low Indian …

There is no easy fix to declining workforce productivity in India
5 years, 2 months ago

There is no easy fix to declining workforce productivity in India

Live Mint  

Labour productivity in India’s organized manufacturing sector continues its downward spiral. India Ratings and Research’s analysis of the Annual Survey of Industries data showed India’s productivity has fallen significantly over the last eight years. A report published by the State Bank of India Research said India’s labour productivity was significantly lower than global peers. Further, it said that India’s labour …

India’s economy slows, stalling once thriving manufacturing
5 years, 3 months ago

India’s economy slows, stalling once thriving manufacturing

Associated Press  

NEW DELHI — Anuj Kapoor took over his father’s booming auto parts business in 2012, hoping to elevate the company from selling to suppliers to selling directly to carmakers. “How do we file tax returns when sellers don’t give us any bills?” The sudden demonetization was the “biggest policy mistake of independent India,” says Jayati Ghosh, an economist at Jawaharlal …

Jobs-intensive sectors slump
5 years, 4 months ago

Jobs-intensive sectors slump

Deccan Chronicle  

Hyderabad: The industrial production in India has reportedly grown by 4.3 per cent in July 2019, according to government data released Thursday. Though the industrial production has slowed considerably compared to 6.5 per cent growth in July 2018, the headline growth number has remained positive. According to the numbers released by the ministry of statistics and programme implementation, the textiles …

Job cuts: Slump in auto sector sales forces firms to shut down factories; around 3.50 lakh workers laid off
5 years, 5 months ago

Job cuts: Slump in auto sector sales forces firms to shut down factories; around 3.50 lakh workers laid off

Firstpost  

The auto sector, which contributes more than 7 percent of India’s GDP, is facing one of its worst downturns Slumping sales of cars and motorcycles are triggering massive job cuts in India’s auto sector, with many companies forced to shut down factories for days and axe shifts, multiple sources said. To revive the sector, auto executives plan to demand tax …

Employment generation remains the toughest job
5 years, 6 months ago

Employment generation remains the toughest job

Live Mint  

New Delhi: The greatest challenge that the Narendra Modi-led government faces in its second term is that of job creation. At the same time, the share of workers with a regular job was also higher than that recorded in any other official jobs survey in the past. As a Mint analysis based on data from annual reports of companies and …

Employment generation remains the toughest job
5 years, 6 months ago

Employment generation remains the toughest job

Live Mint  

New Delhi: The greatest challenge that the Narendra Modi-led government faces in its second term is that of job creation. At the same time, the share of workers with a regular job was also higher than that recorded in any other official jobs survey in the past. As a Mint analysis based on data from annual reports of companies and …

To create jobs, an industrial policy focused on labour-intensive industries is key
5 years, 7 months ago

To create jobs, an industrial policy focused on labour-intensive industries is key

Hindustan Times  

Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991. Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991 This is the opposite of what was achieved in Japan, Korea, Taiwan and China. By contrast, in India the labour intensive manufacturing sectors like food processing, …

Agenda for new government: Creating jobs
5 years, 7 months ago

Agenda for new government: Creating jobs

India Today  

Irrespective of the political party or formation assuming power in New Delhi after the May 23 result, the biggest challenge for the new government would be to generate adequate employment opportunities - to take care of about 12.8 million new entrants to the workforce every year and those migrating out of agriculture to non-farm sectors. Though no official data is …

Work undone: How India fails its young job seekers
5 years, 7 months ago

Work undone: How India fails its young job seekers

Al Jazeera  

As India goes to polls, Al Jazeera looks at its intensifying unemployment crisis and the politics that surround it. But just today an interviewer told me I’m too qualified,” said the 24-year-old, who is a Dalit – one of the former “untouchable” caste who still face segregation and social exclusion in India. The politics of unemployment In India’s ongoing national …

Challenge of ’growth with jobs’ biggest poll issue: Amitabh Kant
5 years, 9 months ago

Challenge of ’growth with jobs’ biggest poll issue: Amitabh Kant

Live Mint  

Ensuring growth with jobs is the biggest challenge for the country as it heads into the general elections, NITI Aayog chief executive Amitabh Kant said Wednesday. The travel, tourism and hospitality sector has the best answer to this challenge as it creates quality jobs, Kant said, announcing that the government plans to introduce 100 new tourism-centric trains after the elections. …

Why a full-blown unemployment crisis is awaiting India’s next govt; political theatrics may no longer work to hide the problem
5 years, 10 months ago

Why a full-blown unemployment crisis is awaiting India’s next govt; political theatrics may no longer work to hide the problem

Firstpost  

Two recent studies about the unemployment/financial situation of the average Indian worker, conducted by separate independent agencies, offer further disturbing evidence about India’s worsening job situation. The first is from the Centre for Monitoring Indian Economy, which said at 7.2 percent, the country’s unemployment rate in February was worst in at least 29 months when labour force dwindled 25.7 million …

Centre's 70 lakh-jobs claim seems dubious, says P Chidambaram
5 years, 10 months ago

Centre's 70 lakh-jobs claim seems dubious, says P Chidambaram

Deccan Chronicle  

Hyderabad: Former finance minister P. Chidambaram on Tuesday asked how many jobs the Centre had created, what kind of jobs and where they had been created. “The claim of 70 lakh jobs created is viewed sceptically as there is a decline in growth over the last four years. Does this mean that the lower the growth more the number of …

Jobs and gloom
5 years, 11 months ago

Jobs and gloom

The Hindu  

T truncated because of its interim nature, was widely anticipated for the manner in which it would address the question of employment. In the absence of data from the NSSO, the only other official source of information relating to employment in India are the household- and enterprise-level surveys conducted by the Labour Bureau, which functions under the Union Ministry of …

NSSO data confirms India's jobs crisis: Unemployment at 45-year high of 6.1%, way out is to make economy grow
5 years, 11 months ago

NSSO data confirms India's jobs crisis: Unemployment at 45-year high of 6.1%, way out is to make economy grow

Firstpost  

The problem of unemployment is very serious and the only way to go ahead is to make the economy grow which happens gradually over time. The Business Standard report has focused on the unemployment rates among men and women youth in both urban and rural areas, which does require an explanation as it is quite deep-rooted and scary. The report …

Opinion | Transformation through tech can drive jobs growth
5 years, 11 months ago

Opinion | Transformation through tech can drive jobs growth

Live Mint  

The potentially slowing rate of global growth and India’s continuing growth trajectory present both opportunities and challenges. Mainstreaming the application of technologies to all industries whether it is restaurants, hotels, heavy engineering, handlooms and handicrafts or logistics and transportation for things as basic as automating invoicing and payments to complex tasks like inventory control and management can not only help …

Blueprint for job creation by January-end: Piyush Goyal
5 years, 11 months ago

Blueprint for job creation by January-end: Piyush Goyal

Live Mint  

New Delhi: The government will come out with a blueprint for creating high-paying jobs for the youth as it tries to assess the job situation on the ground and fix the problems, Railway minister Piyush Goyal said on Tuesday. “The government, economists and think tanks need to engage more to find more paying and quality employment opportunities for the youth …

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