News: 5 million jobs lost during high-growth years: Study

Recruitment

5 million jobs lost during high-growth years: Study

Moreover, it observed that over-emphasis on services and neglect of the manufacturing sector are mainly responsible for this "jobless growth" phenomenon.

As many as 5 million jobs were lost between 2004-05 and 2009-10 — paradoxically the time when India's economy grew at a fast clip — an Assocham study said. This has put a question mark on whether economic expansion should be linked to job creation, according to the study. Moreover, it observed that over-emphasis on services and neglect of the manufacturing sector are mainly responsible for this "jobless growth" phenomenon. 

Read Economic Times full report here.

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Topics: Recruitment, #National, #Jobs

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