India’s Narendra Modi has a problem: high economic growth but few jobs

India's high-growth economy is failing to create enough jobs for younger Indians, particularly those with skills, as unemployment and underemployment rise.

March 19, 2023 . 6:23 AM

1 min read

India’s economy is forecast to grow at one of the fastest rates of any major economy.
However, jobless numbers continue to rise, particularly among young people.
Skills availability is an issue, with companies preferring to hire older applicants.
Manufacturing output is growing more slowly than other sectors, making it unlikely to emerge as a leading generator of jobs.
Unemployment and underemployment of people in work not befitting their skills is a growing problem for India.