There will be economic growth in India.. but there will be no jobs! Shock in the Raiders study
CHENNAI: 'Royderus' has conducted a study on how India's economic growth will be in the next few years. Now the results are out. Accordingly, it is said that the unemployment rate in india will decrease to some extent.
India's growth in the international arena has been in continuous progress in recent times. india has now grown to become the 5th largest economy in the world. The country's population, meanwhile, has overtaken China's. india has become the most populous country in the world. Many people are saying that this change will increase productivity and thereby improve economic growth.
A study by Reuters said that despite the growth of the economy in india, unemployment will not decrease
In this regard, 'Royders' news agency conducted a study. Now its research results have been published. This means that India's economy will grow steadily in the next financial year. But less than expected. However, this growth will be better than that of other major economies. India's current target is to reach 8 percent of GDP over the next 25 years.
But this is only possible if reforms are brought about in sectors like education, infrastructure, health and technology. India's economy is expected to grow by 6.1 percent in the current financial year. This is a good growth compared to other major economies. Similarly in the next financial year it will be 6.5 percent. But there will be no major changes in job creation.
The entire budget was not bad.. there was good too! Why not talk about unemployment? congress MP Shashi Tharoor's entire budget was not bad.. there was good too! Why not talk about unemployment? congress MP Shashi Tharoor
international dissatisfaction with china has turned many investors towards India. However, 17 out of 25 pollsters said India's job prospects will improve only marginally over the next few years. Unemployment has not changed. It is almost the same. This has created a huge gap between demand and supply, said radhika Biplani, chief economist at DAM capital Advisors.
A 'Designated Manufacturing-Linked Incentive (PLI) scheme' is being implemented to attract foreign manufacturers to set up factories in India. 27 economists were asked how much the project would change in terms of new job creation. To this, 21 experts said, "There will be no major change. Employment opportunities will be modest."
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