Times of India (June 11, 2011) reports :
- As per National Sample Survey Organization (NSSO) 2007 – 08 survey, the size of the Indian workforce is between 416 and 466 million
- Over 30 million Indians cannot find work despite being in the labor force and another 25 million are officially under-employed
- 41.6 % of India’s population earn less than the International Poverty Line of $ 1.25 / day, in purchasing power parity ( PPP ) terms
- In the 11th and 12th Plan, the Planning Commission is expecting the creation of about 116 million jobs which would absorb 85 million increase in the labor force
- But during same period, India’s population will go up by 180 million!
By the time NSSO 2011-12 report comes out (hopefully , in 2015),
the tunnel would have grown faster than the speed of light !
With regards
HEMEN PAREKH
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