Jobs for every Indian? A reality by 2009!

October 03, 2007 10:56 IST


In two to three years, there could be zero unemployment in the country, the way the economy is growing. But this large increase in employment could be at very low wages, implying that it is not jobs per se, but the quality of employment that will increasingly become the issue.

These are the broad conclusions of a paper written by Economic Advisory Council Chairman C Rangarajan, Padma Iyer Kaul and Seema for the forthcoming issue of Money and Finance.


The paper begins with pointing out that the latest NSS survey (61st round) shows employment growth has never been faster (2.89 per cent from 1999-2000 to 2004-05) � if unemployment remains high at 2.39 per cent, that's because the number of those wanting jobs (the labour force) also grew at an exceptionally high rate (2.93 per cent), and the bulk of this comprised women.


The NSS numbers show two things, the paper points out. One, it debunks the notion of jobless growth in the post-reforms period.

http://www.rediff.com/money/2007/oct/03jobs.htm

Ugh!! Breaking News .....The Teton Indians will have big pow-wow with Kentucky fried buffalo steaks tonight.

The largest and westernmost of the Sioux Indians, made up of seven groups including the Oglala, Hunkpapa, Brulé, and Miniconjou. The Teton became nomadic buffalo hunters after migrating westward in the 18th century and figured prominently in the resistance to white encroachment on the northern Great Plains.

from Rediff India.