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13 million Indians will join the workforce every year from now till 2030. They know their prospects aren__ good. Here__ why: in the years from 1972 to 1983__ot celebrated as a time of overwhelming prosperity__he total number of jobs in the economy nevertheless grew 2.3 per cent a year. In the years between liberalization in 1991 and today, jobs have grown at an average of only 1.6 per cent a year. But, if these young people have to be absorbed, then jobs must grow at least 3 per cent a year__lmost twice the rate at which they have since liberalization. This is simply not happening. In other words, one out of every two youngsters who starts looking for a job next year won__ find one.

MS
Mihir S. Sharma

Restart: The Last Chance for the Indian Economy