ICEBERG OF UNEMPLOYMENT

In his “Kotak Institutional Equities “ report,

“365 Mn : Can India live up to its demographic dividend ? “

( as reported in DNA / Oct.21,2010 ),

Akhilesh Titolia says :

·       23 / 25 million Indians will become eligible for work every year for the next 15 years

·       Out of these, 12 / 13 million will actively look for employment every year

·       There will be 365 million young Indians by 2025

So, what is India’s score-card for job creation ?

MaFoi Randstad Employment Trends Survey ( as reported in DNA / Dec.16,2010 ) reports that private organized sector in India created following no. of jobs :

               In  2008 …………………………  0.67 Million

               In  2009  ………………………… 0.90 Million

               In  2010  ………………………… 1.13 Million

Will India’s Economy sink by hitting the tip of the Unemployment Iceberg ?

Hemen  Parekh