GDP growth in the first quarter was faster than the Asian peers but not enough to create jobs. It's a major challenge for Prime Minister Narendra Modi, who has promised to create 250 million jobs over the next decade. Yet, despite average annual growth of 6.5% between 1991 and 2013, India added less than half the jobs needed to absorb new job seekers. MORE WORKERS, FEWER JOBSUnder Modi, India has opened up further to foreign investment, hoping to generate more manufacturing jobs. In August, nearly half a million people, including post-graduates, applied for 1,778 jobs as sweepers in the city of Kanpur.

Source: dna September 02, 2016 03:22 UTC