Despite robust GDP growth projections and poverty reduction efforts, India grapples with sluggish employment rates and rising inequality, posing a threat to its economic transformation. A World Bank report underscores India’s weak employment growth, largely attributed to private sector investment deficiencies. With private equity deals hitting a six-year low, the gig economy offers a glimmer of hope, yet challenges persist. Start-up downturns and layoffs in sectors like edu-tech highlight the urgency for systemic reforms to foster sustained job creation and economic resilience.
Slow Job Market Hinders India’s Growth Prospects
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