This is not jobless growth, says Arvind Panagariya

He adds, 'when 7-8% growth happens, it cannot happen that the labour market is not benefiting'

NITI Aayog Vice-Chairman Arvind Panagariya on Thursday termed the claims that the economy was growing without adding jobs as a “little bit bogus”. “When 7-8 per cent growth happens, it cannot happen that the labour market is not benefiting,” Panagariya said at a discussion in the Reserve Bank of India (RBI) headquarters here. RBI Governor Urjit Patel and Vivek Dehejia, professor of economics at Carleton University, participated in the discussion.

“Are you saying that our productivity growth is so high that we are growing without the need for new jobs?” Panagariya asked as he highlighted various reforms measures the NITI Aayog