India’s job situation really alarming, we need to do far more: Raghuram Rajan
- Raghuram Rajan has expressed concern over India’s employment situation, calling it “really alarming”, and said the government must focus on promoting labour-intensive jobs such as those in the services sector.
- “I would say we need to do far more and it’s not about bombastic ‘oh we have arrived, we are the fifth biggest economy in the world’. It is about doing the hard work that is necessary to support the kind of jobs we need.
- And the jobs situation, I would say, is really alarming,” Rajan said late on Wednesday in a conversation with students of the Indian Institute of Management, Ahmedabad.