Growth no longer means jobs: Inflexible labour laws, rapid technological change have caused employment generation to stall

Growth no longer means jobs: Inflexible labour laws, rapid technological change have caused employment generation to stall

Where are the jobs? This is the question Prime Minister Narendra Modi is repeatedly asked by his political opponents. One answer he has given recently in media interviews is that the jobs that are being created are invisible in the statistics: loans from the Mudra Bank are enabling self-employment, and as these micro businesses grow, they will add employees, one or two at a time. Hopefully, they will ultimately create millions of jobs in an economy that is releasing one million youth every month into the job market.

While creating a nation of micro-entrepreneurs is better than doing nothing, there […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.