India unlikely to Generate 150 million new jobs in 10 years

India is unlikely to generate 150 million new jobs over the next decade and poor labour skills will create a wage wedge, comparable to the US, where owners of capital and professionals with the right skills earn fat salaries while others earn "tolerable" wages, according to a report. "India's ballyhooed 'demographic dividend' story is under threat," according to a report by Kotak Institutional Securities.

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