With no jobs, millions of Indians are exiting the labour force
2 years, 8 months ago

With no jobs, millions of Indians are exiting the labour force

Al Jazeera  

Frustrated with the lack of good jobs, more than half of the 900 million Indians of working age no longer want one. Now, more than half of the 900 million Indians of legal working age — roughly the population of the U.S. and Russia combined — don’t want a job, according to the CMIE. “The large share of discouraged workers suggests that India is unlikely to reap the dividend that its young population has to offer,” said Kunal Kundu, an economist with Societe Generale GSC Pvt in Bengaluru. “India will likely remain in a middle-income trap, with the K-shaped growth path further fueling inequality.” India’s challenges around job creation are well-documented. Though Prime Minister Narendra Modi has prioritized jobs, pressing India to strive for “amrit kaal,” or a golden era of growth, his administration has made limited progress in solving impossible demographic math.

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