Jobless Growth

Former finance minister P Chidambaram on Tuesday hit out at the government and accused it of steering a jobless growth, questioning if its policies are in favour of the rich.

India's infrastructure output fell 5.2 per cent in September from a year earlier, the worst performance in years, government data showed on Thursday.

The "jobless growth" has slipped into "job-loss growth", which, together with rural indebtedness and urban chaos, has made the growing number of aspirational youths restless, former prime minister Manmohan Singh said on Sunday, as he hit out at the government for failing to uplift the economy to its potential.

Uber's fastest-growing market in the world is now Argentina, company executives say.

The report comes amid fears of 'jobless growth' being witnessed in the country at present.

Former Union minister P Chidambaram on Sunday joined the debate on job creation, contending in a series of tweets that India is witnessing a three-year spell of "modest, but jobless growth and the government is clueless about how to create jobs".

The jobless rate remained at an 11-year low of 4.8 percent and the employment rate stayed at all-time record high, the Office for National Statistics said.

Prices for US government debt were trading lower, while US stock index futures were higher. The US dollar was stronger against a basket of currencies.

"Robots don't want appraisal, they don't want work life balance. They work 24 hours. In Delhi, metro is going to be automated," Said Mr Pai.

The Federal Reserve raised its benchmark overnight interest rate last December for the first time in nearly a decade.

What is important for us politicians to remember however is that the aam aadmi is not concerned with theories. He wants results, and if we fail to provide the people with job opportunities in adequate numbers, they will be disappointed.

India, she said, needs pragmatic and visionary e-regulations that can unleash the power of e-commerce.

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labour market strength even as the pace of job growth is slowing.

US private payrolls increased more than expected in June and fewer Americans applied for unemployment benefits last week, suggesting a rebound in job growth after May's paltry gains.

Raising concerns over jobless economic growth, Bajaj Auto Chairman Rahul Bajaj has said that although India's GDP can hit a steady-state of around 8.5 per cent for several years, employment "will not rise at anywhere close to that rate of growth".

Former finance minister P Chidambaram on Tuesday hit out at the government and accused it of steering a jobless growth, questioning if its policies are in favour of the rich.

India's infrastructure output fell 5.2 per cent in September from a year earlier, the worst performance in years, government data showed on Thursday.

The "jobless growth" has slipped into "job-loss growth", which, together with rural indebtedness and urban chaos, has made the growing number of aspirational youths restless, former prime minister Manmohan Singh said on Sunday, as he hit out at the government for failing to uplift the economy to its potential.

Uber's fastest-growing market in the world is now Argentina, company executives say.

The report comes amid fears of 'jobless growth' being witnessed in the country at present.

Former Union minister P Chidambaram on Sunday joined the debate on job creation, contending in a series of tweets that India is witnessing a three-year spell of "modest, but jobless growth and the government is clueless about how to create jobs".

The jobless rate remained at an 11-year low of 4.8 percent and the employment rate stayed at all-time record high, the Office for National Statistics said.

Prices for US government debt were trading lower, while US stock index futures were higher. The US dollar was stronger against a basket of currencies.

"Robots don't want appraisal, they don't want work life balance. They work 24 hours. In Delhi, metro is going to be automated," Said Mr Pai.

The Federal Reserve raised its benchmark overnight interest rate last December for the first time in nearly a decade.

What is important for us politicians to remember however is that the aam aadmi is not concerned with theories. He wants results, and if we fail to provide the people with job opportunities in adequate numbers, they will be disappointed.

India, she said, needs pragmatic and visionary e-regulations that can unleash the power of e-commerce.

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labour market strength even as the pace of job growth is slowing.

US private payrolls increased more than expected in June and fewer Americans applied for unemployment benefits last week, suggesting a rebound in job growth after May's paltry gains.

Raising concerns over jobless economic growth, Bajaj Auto Chairman Rahul Bajaj has said that although India's GDP can hit a steady-state of around 8.5 per cent for several years, employment "will not rise at anywhere close to that rate of growth".