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Jobless Growth in India - Coggle Diagram
Jobless Growth in India
What is Jobless Growth?
India's growth experience of the last decade has been jobless
Economy experiences growth while maintaining or decreasing its level of employment.
Sudden recovery is insufficient to absorb the unemployed
Reasons for Jobless growth
Skilling challenges
Urban Job Meltdown
Import-oriented economy
Slow growth of salaried jobs
Slow Infrastructure Development
Failed Entrepreneurship Wave
Issues created
Urban areas suffer more than rural
Ignores Poverty
Leads to informalization of jobs
It impacts middle-class population, engaged primarily in salaried jobs
Stagnation in manufacturing
Way Forward
Special packages for labor-intensive industries
Cluster development
Comprehensive industrial and trade policy
Align urban development with manufacturing
Implement Niti Ayog action agenda
Encouraging people’s entrepreneurial instincts
Public investments