The debate over whether India creates 7 million new formal jobs every year should not be a debate at all. Instead, it is now acquiring a Goebbelsian hue of repeating it a thousand times until it is perceived as the truth. (“The golden age of labour market research”, February 14). For the final time, the claim that India creates 7 million new formal jobs every year is fallacious.
- At 7 million new formal jobs a year, India would, by far, be the world’s largest formal job creator. China, with five times larger GDP, a manufacturing powerhouse of the world and
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper