Even Economic Survey of India (ESI) vouches for the growing unemployment in the country. “One tentative conclusion is that there has probably been a decline in long run employment growth in the 2000s relative to the 1990s and probably also a decline in the employment elasticity of growth: that is, a given amount of growth leads to fewer jobs created than in the past. Given the fact that labour force growth (roughly 2.2-2.3 percent) exceeds employment growth (roughly about 1 1/2 percent), the challenge of creating opportunities will remain significant.” Hmm.

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