Jobs in India grew by just 2.2% between 2010 and 2012. Economist Alakh N Sharma, director of the Institute of Human Development and principal author of India Labour and Employment Report 2014, spoke with Rema Nagarajan about why unemployment is rising, the people it hits hardest, manufacturing as a remedy — and how competitiveness goes beyond wages:
How serious is India’s unemployment?
Unemployment among the educated is very high. As people get more educated, unemployment’s only growing. It’s highest among women graduates at about 60%. After 10 years, 40% of all girls will be matriculates — but India has the lowest female employment rate along with Pakistan and Middle Eastern countries.
One-third of our unemployed are graduates and above. If we don’t create enough jobs for them, we won’t be talking about a demographic dividend — it will be a demographic disaster.
Chosen excerpts by Job Market Monitor. Read the whole story at Without jobs, India’s demographic dividend will be a disaster: Alakh N Sharma – The Times of India.
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