
Towards a new economic geography for states
There is a pressing need to revisit the dynamics of an urban-biased, economic geography to bring the focus back on developing more proximate economic hotspots within states.
There is a pressing need to revisit the dynamics of an urban-biased, economic geography to bring the focus back on developing more proximate economic hotspots within states.
The current crisis presents an opportunity to look at the seriousness of structural concerns present in our existing labour-market
March recorded the highest unemployment rate in 43 months, according to data from the Centre for Monitoring Indian Economy.
Migrant labourers in Delhi and the National Capital Region are leaving in the thousands for their native places with the 21-day lockdown putting them out of work.
More financial pain is on the way as businesses curtail investment and savings evaporate of people across the world. Unemployment is set to rise in the coming days.
Accelerating women-led businesses can generate 150-170 million jobs, says a report. But unlocking entrepreneurship among women in India is a complex effort, it adds.
CMIE managing director and CEO Mahesh Vyas says though rural unemployment rate has fallen, the quality of jobs both in urban and rural India is deteriorating.
High unemployment combined with a declining real wage rate in a labour-surplus nation will continue to impose negative effects on components of growth.
But only 22% of organisations in India plan to add new headcount in 2020, as compared to 29% in 2019, says Willis Towers Watson India survey.
TCS and Infosys together hired over 50,000 employees in 2018-19, up from 11,000 in the previous year.