India is not creating enough jobs even with 7% GDP growth: Former RBI governor Raghuram Rajan | Mint

Former RBI Governor Raghuram Rajan raised concerns about India's job creation efforts despite a robust 7% GDP growth. He highlighted that while the economy is expanding, it is not generating enough employment opportunities for the growing workforce. Rajan emphasized that India needs to focus on labor-intensive sectors, such as manufacturing, and improve its education and skills development to better match job market requirements. He also pointed out that sectors like services are not sufficient to absorb the vast number of job seekers. To address these challenges, he recommends policy reforms that encourage investment in industries capable of creating a large number of jobs and enhance the employability of the youth.