Dear MEL Topic Readers,
India is set to become the world’s most populous country. Can it create enough jobs?
The population of India has already exceeded 1.4 billion and is still increasing. Its working-age population has already passed 900 million and is expected to grow to one billion soon. However, the percentage of the active workforce and those who are looking to work, the labor participation rate, is only around 46%. In other words, more than half of the able workers aren’t working or looking for jobs. This is significantly lower than its arch-rival China whose participation rate stood at 68%. One reason is that India’s female work participation rate decreased to below 20%. Another reason is the lack of quality education that could produce more qualified workers for the job market. Also, nearly half of the Indian workforce work in the agricultural sector, whose wages are lower than in other industries. Population growth is supposed to provide a significant advantage for the economy provided that people get a quality education and good job opportunities. Will the soon-to-be most populous nation be able to create enough job opportunities for the growing working-age population?
Enjoy reading the article and learn about India’s growing population and problems.
https://edition.cnn.com/2023/01/17/business/india-population-worlds-largest-hnk-intl/index.html
India is set to become the world’s most populous country. Can it create enough jobs?
The population of India has already exceeded 1.4 billion and is still increasing. Its working-age population has already passed 900 million and is expected to grow to one billion soon. However, the percentage of the active workforce and those who are looking to work, the labor participation rate, is only around 46%. In other words, more than half of the able workers aren’t working or looking for jobs. This is significantly lower than its arch-rival China whose participation rate stood at 68%. One reason is that India’s female work participation rate decreased to below 20%. Another reason is the lack of quality education that could produce more qualified workers for the job market. Also, nearly half of the Indian workforce work in the agricultural sector, whose wages are lower than in other industries. Population growth is supposed to provide a significant advantage for the economy provided that people get a quality education and good job opportunities. Will the soon-to-be most populous nation be able to create enough job opportunities for the growing working-age population?
Enjoy reading the article and learn about India’s growing population and problems.
https://edition.cnn.com/2023/01/17/business/india-population-worlds-largest-hnk-intl/index.html
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