India's Job Crisis is Getting Worse - Chart Of The Day 17 October 2016 - Equitymaster
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India's Job Crisis is Getting Worse
Oct 17, 2016


Regular readers are aware that we have been warning about the consequences of India's worsening demographic problem. We have been researching extensively on this impending crisis, and now believe that the crisis is much worse than what our big-picture editor Vivek Kaul had earlier anticipated.

There's more and more data that validates our worries about the big demographic crisis that is staring at India...a crisis that could impact your job, income, and wealth in the coming times.

We just came across some very shocking piece of data.

Look at the chart of the day. It shows the number of jobs (in thousands) that India created in recent years. As you can see, job creation in India has been shrinking at an alarming rate.

In the last four years, India has lost an average of 550 jobs every single day!

As per a study by Delhi-based civil society group PRAHAR, if this continues at the current rate, then employment in India may shrink by 7 million by 2050. On the other hand, the population would have expanded by 600 million. The worst affected sections of the country are farmers, petty retail vendors, contract labourers, and construction workers.

But this crisis is not limited to the marginalised sections of our economy. It is way bigger and endemic than you could have imagine. And it's also taking a toll on white collar jobs.

So, ignoring this crisis until it personally hits you would be a big mistake.

If you want to be ahead of the curve, you ought to think and prepare for it right away.

To get started, if you missed seeing Vivek's 58-minute video about "The Next Big Indian Crisis", we have recently released an abridged transcript of the interview. You can read it at your own pace and catch up on all these serious issues which we can almost guarantee will NEVER be covered in the mainstream media.

So, don't delay and read on for the transcript of our conversation...

Data Source: Labour Bureau

This Chart Of The Day was published in The 5 Minute WrapUp - An End to the Biggest Conflict of Interest?

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