ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Jobs, Growth, and Industrial Policy

Employment, jobs, and good livelihoods are the principal means for ensuring the inclusion of people in the economic growth of a country. India's planners have focused too much on gross domestic product growth and too little on how it has not translated into more jobs. With the largest population of young persons in the world, merely providing youth with skills will not be sufficient. More urgent attention is required to promote the growth of enterprises, especially smaller ones that provide more employment. An understanding of the real constraints on growth of enterprises and a rapid resolution of them requires a collaborative approach between employers, employees and other stakeholders.

Creating more jobs and better livelihoods for India’s large and youthful population must be a principal goal of the country’s economic development. It is the best way to ensure inclusion in economic growth, which the country has not been doing well enough. Solutions, such as the drive to teach skills to millions of people and to change labour laws to make it easier to fire workers in the expectation that this will lead to more employment, are inadequate and can even have unintended negative consequences. A systemic, and less ideological, examination of issues has become imperative to find the root causes of India’s insufficient progress towards the goal of more jobs and respectable livelihoods.

Growth and Employment

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top