Jobs-olescence

The dominant factor that will determine whether India evolves into a middle-income nation over the next few decades is the country's ability to generate massive numbers of jobs. As is well known, India is now in a potentially virtuous phase of its demographic transition. The working age (15-60) segment of the population is growing faster than the young and the old. Every country that has been through a sustained high-growth phase has done it during such a phase. But, clearly, it does not happen spontaneously; all these people have to find productive jobs.

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