That is the impossible conundrum facing Nirmala Sitharaman, Indias first woman Finance Minister in the Modi governments new Cabinet. The two significant hurdles currently ailing the economy are that of growth and employment. India has had an infamous trend of jobless growth due to its economy being primarily service led. Employment elasticity, a measure of how employment varies with economic output, can be measured for the economy and each sector within it. Targeting investment within sectors with the highest employment elasticity can maximise the job-creating capacity of the economy.

Source: Economic Times June 15, 2019 04:07 UTC