Unemployment: India’s young are more educated than ever. So why are so many jobless?
Many economists say India’s growth model helps explain the bind. Unlike much of East and South-East Asia, which relied on export-led manufacturing to absorb low-skilled workers, India’s expansion has been driven by skill-intensive services – IT and communications in particular. Export-led manufacturing, by contrast, has remained weak. The result is a lopsided labour market: opportunities…
