Kotla Mubarakpur, New Delhi India Needs Work India is a 40% economy. Only 4 out of every 10 Indians find work. That means 840 million Indians are not doing work that is counted as economic activity. Of course, you need to allow for children, who should be in school, perhaps for the elderly. The international measure, the Labour Force Participation Rate (LFPR), is the percentage of those above 15 who are employed. In 2019, the International Labour Organisation (ILO) estimated our LFPR at 51.91%. Other research, from the Center for Monitoring the Indian Economy (CMIE) estimates a much lower percentage of working Indians, but even by the ILO numbers, Indian employment levels are way down the ladder, at 154 out of 180 nations.
Thanks, RougeNeuron. Not sure I understand the nature of the bubble. Is the bubble in salaries, and employment potential? From what you say, it seems that there is a shortage of quality programmers. This should get sorted by increased supply - private educationplayers will come in; there will always be a lag.
Brilliant. What you articulated about the LPR I see it everytime during my visits to Dhanbad, Jharkhand: My home town. There is extreme unemployment/ underemployment. 6 people working at a Mall cafe/kiosk which should have 2. Young people, lucky enough to have jobs stuck in low paying dead end jobs. Coaching centers seem to be everywhere. Training for what?
“ how did we end up doing the same thing, when our factory wages are less than one-third of China’s? ” this is something I always wondered … bad policies are the only answers I can come up with .
Tick tick boom - thanks for the recommendation…
Mohit if only we could hear your articles in your lovely voice also…
I'm fan of your jargon free writing Mohit. Easy to understand. Request you to write about the Index funds situation in India. Understand in developed countries they are good vehicles for investment.
Thanks, RougeNeuron. Not sure I understand the nature of the bubble. Is the bubble in salaries, and employment potential? From what you say, it seems that there is a shortage of quality programmers. This should get sorted by increased supply - private educationplayers will come in; there will always be a lag.
Brilliant. What you articulated about the LPR I see it everytime during my visits to Dhanbad, Jharkhand: My home town. There is extreme unemployment/ underemployment. 6 people working at a Mall cafe/kiosk which should have 2. Young people, lucky enough to have jobs stuck in low paying dead end jobs. Coaching centers seem to be everywhere. Training for what?
We see it most clearly when we step out of busy cities, yes.
Excellent. Thanks for the stock tips though generic ;) Thank you for sharing.
There was no stock tip - just sharing!
“ how did we end up doing the same thing, when our factory wages are less than one-third of China’s? ” this is something I always wondered … bad policies are the only answers I can come up with .
Tick tick boom - thanks for the recommendation…
Mohit if only we could hear your articles in your lovely voice also…
There's a thought, Idris...an audio version.
I'm fan of your jargon free writing Mohit. Easy to understand. Request you to write about the Index funds situation in India. Understand in developed countries they are good vehicles for investment.