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India's Economic Boom Fails to Solve Job Crisis

  • Hundreds of young men and women in Lucknow queue at a job fair for low-paying contract jobs.
  • Despite investments, India's economic boom isn't creating enough quality jobs for millions entering the workforce.
  • Prime Minister Modi's job creation promises have fallen short, with youth unemployment at 42.8% for ages 20-24.
  • The informal sector employs 90% of India's workforce, offering little job security or benefits.
  • Female labor force participation remains low at 33%, with societal views holding women back.

Source: Bloomberg

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