, 6 tweets, 3 min read Read on Twitter
The political debate during #IndianElections over #Jobs is missing the point. This insightful article in @Bloomberg's @bopinion by @ShamikaRavi puts the data in perspective tinyurl.com/SynergiaFounda…. Some stark facts based on the most recent reliable numbers (2016):
1/5: India's labor force participation rate stood at a low 50%. China’s was 75%. Only half of India's working-age population was actively working or seeking employment.
2/5: Dynamic states actively improving their ease of doing business recorded lowest unemployment rates, spread the wealth to women as well as men and found jobs for their younger workers.
3/5: By contrast, progressive states that scored well on social indicators were found to be poor job-creators and had high levels of female and youth unemployment.
4/5: Unlike in developed economies, where jobs increasingly flow to the better-educated, in India the trend is the opposite: a highly educated Indian youth is more than five times as likely to be unemployed as an uneducated one.
5/5: Politicians from all parties should focus on eliminating red tape and promoting investment-friendly policies. Leaders should take their responsibility to improve education and generate more high-quality jobs seriously.
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