Jobs

the economy needs to create 12 million jobs every year only to keep up with the youth that are entering the workforce.

As of one statistic, the economy needs to create 12 million jobs every year only to keep up with the youth that are entering the workforce – when the record over the seven years to 2012 (where data is available) has been about 1 million per year.

A broader issue that cannot be tackled with one specific push or initiative, higher job creation would result from steps the government will take to boost manufacturing, create infrastructure and augment overall economic growth.

But even more important is the need to announce a comprehensive policy for skill development, which would also call for higher spending on education, vocational training and enabling infrastructure.

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