GDP growth is not creating enough jobs

  1. Context: A study by Care Ratings on Indian economy
  2. Findings: India’s employment growth is beginning to show signs of a slowdown even as official data showed a pick up in GDP growth
  3. Jobs growth slowed to near-zero during 2014-15 in a sample of 1,072 companies
  4. These companies created only 12,760 jobs in 2014-15 whereas in the previous year, they had added 188,371 jobs
  5. Employment growth in the sample slowed to 0.3%, the slowest in four years
  6. Manufacturing accounted for more than 40% of the jobs, the highest share, followed by banking and IT

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