India unlikely to generate 150 million new jobs in 10 years
India is unlikely to generate 150 million new jobs over the next decade and poor labour skills will create a wage wedge, comparable to the US, where owners of capital and professionals with the right skills earn fat salaries while others earn "tolerable" wages, according to a report. "India's ballyhooed 'demographic dividend' story is under threat," according to a report by Kotak Institutional Securities. Kotak estimates that 240 million people will join the working age population over the next 10 years, but it expects the country will add only 100 million jobs during this period.
Read the Economic Times news report here.