News / Asia

    India’s Jobless Hit Hard by Lagging Economy

    India’s Jobless Hit Hard by Lagging Economyi
    X
    March 20, 2013 11:19 AM
    With India's economic growth at its lowest point in a decade, some are questioning whether the South Asian nation should still be counted among the world's most influential, emerging economies. As Indian leaders head to next week’s BRICS summit in South Africa, New Delhi correspondent Aru Pande has more on how India’s slow growth is affecting those seeking work.
    Aru Pande
    With India's economic growth at its lowest point in a decade, some are questioning whether the South Asian nation should still be counted among the world's most influential, emerging economies. 

    Evidence of India’s slowing economy can be seen from local car dealerships - where auto sales are set to decrease for the first time in 10 years - to job training workshops where unemployed young people like Yogesh Dahiya get interview advice.  The New Delhi resident says finding a job in India’s retail sector is tough.

    "As the market is going down, competition is so high," he said.

    Employment consultant Alka Kohli says she has seen a change in the job market since starting her training and recruiting company.

    "There are many more people who need jobs now than they needed five years ago, that is definitely there," she said. "However, earlier there was a trend of a lot of people going for post graduation [post-grad degrees] and asking for jobs, but now people understand that post-graduation is not translating into the job market."

    As India’s once double-digit growth rate dips to five percent, analysts like Rajiv Kumar with the Center for Policy Research warn that future growth depends on large-scale job creation to employ the next generation of workers. He says that means adding one million new jobs every month for the next two decades.

    "The long-term strength of the Indian economy is supposed to be its young population, but if you do not, for example, create these jobs now - these young people will be frustrated, will be angry and will be out in the streets, which will then impact your long-term growth prospects," he said.

    Ahead of this year’s BRICS summit in South Africa, Kumar says India should not focus too much on its standing among other emerging economies such as Indonesia, which is becoming a favorite for foreign investors.

    Instead, he says officials should focus on domestic problems like improving governance, the public education system and the country’s infrastructure.

    "Your major cities - Lucknow, Varanasi, Chennai - they have all got four, six, eight hours of power cuts," he said. "Now how does a country or an economy work without this?"

    As job applicants like Sachin Dwivedi sharpen their skills at training centers for the tighter labor market, many are optimistic that the economy will bounce back.

    "I faced the interview, one or two interviews, but I could not succeed. But still there is hope and I am trying my best."

    For India’s leaders, much is riding on their ability to meet the expectations of hundreds of millions of new workers.

    You May Like

    Syrian Torture Victim Recounts Horrors

    'You make them think you have surrendered' says Jalal Nofal, a doctor who was jailed and survived repeated interrogations in Syria

    Mandela’s Millions Paid to Heirs, But Who Gets His Country Home?

    Saga around $3 million estate of country's first democratic president is far from over as Winnie Mandela’s fight for home overshadows payouts

    Guess Which Beach is 'Best in the US'?

    Hawaii’s Hanauma Bay tops an annual "top 10" list compiled by a coastal scientist, also known as Doctor Beach

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Chinese Americans for Trump Going Against National Trendi
    X
    May 27, 2016 5:57 AM
    A new study conducted by three Asian-American organizations shows there are three times as many Democrats as there are Republicans among Asian-American voters, and they favor Hillary Clinton over Donald Trump. But one group, called Chinese-Americans For Trump, is going against the tide and strongly supports the business tycoon. VOA’s Elizabeth Lee caught up with them at a Trump rally and reports from Anaheim, California.
    Video

    Video Chinese Americans for Trump Going Against National Trend

    A new study conducted by three Asian-American organizations shows there are three times as many Democrats as there are Republicans among Asian-American voters, and they favor Hillary Clinton over Donald Trump. But one group, called Chinese-Americans For Trump, is going against the tide and strongly supports the business tycoon. VOA’s Elizabeth Lee caught up with them at a Trump rally and reports from Anaheim, California.
    Video

    Video Vietnamese-American Youth Optimistic About Obama's Visit to Vietnam

    U.S. President Barack Obama's visit to Vietnam later this month comes at a time when Vietnam is seeking stronger ties with the United States. Many Vietnamese Americans, especially the younger generation, are optimistic Obama’s trip will help further reconciliation between the two former foes. Elizabeth Lee has more from the community called "Little Saigon" located south of Los Angeles.
    Video

    Video First-generation, Afghan-American Student Sets Sights on Basketball Glory

    Their parents are immigrants to the United States. They are kids who live between two worlds -- their parents' homeland and the U.S. For many of them, they feel most "American" at school. It can be tricky balancing both worlds. In this report, produced by Beth Mendelson, Arash Arabasadi tells us about one Afghan-American student who seems to be coping -- one shot at a time.
    Video

    Video Newest US Citizens, Writing the Next Great Chapter

    While universities across the United States honor their newest graduates this Friday, many immigrants in downtown Manhattan are celebrating, too. One hundred of them, representing 31 countries across four continents, graduated as U.S. citizens, joining the ranks of 680,000 others every year in New York and cities around the country.
    Video

    Video Vietnam Sees Strong Economic Growth Despite Incomplete Reforms

    Vietnam has transformed its communist economy to become one of the world's fastest-growing nations. While the reforms are incomplete, multinational corporations see a profitable future in Vietnam and have made major investments -- as VOA's Jim Randle reports.
    Video

    Video Qatar Denies World Cup Corruption

    The head of Qatar’s organizing committee for the 2022 World Cup insists his country's bid to host the soccer tournament was completely clean, despite the corruption scandals that have rocked the sport’s governing body, FIFA. Hassan Al-Thawadi also said new laws would offer protection to migrants working on World Cup construction projects. VOA's Henry Ridgwell reports.
    Video

    Video Infrastructure Funding Puts Cambodia on Front Line of International Politics

    When leaders of the world’s seven most developed economies meet in Japan next week, demands for infrastructure investment world wide will be high on the agenda. Japanese Prime Minister Shinzo Abe’s push for “quality infrastructure investment” throughout Asia has been widely viewed as a counter to the rise of Chinese investment flooding into region.
    Video

    Video Democrats Fear Party Unity a Casualty in Clinton-Sanders Battle

    Democratic presidential front-runner Hillary Clinton claimed a narrow victory in Tuesday's Kentucky primary even as rival Bernie Sanders won in Oregon. Tensions between the two campaigns are rising, prompting fears that the party will have a difficult time unifying to face the presumptive Republican nominee, Donald Trump. VOA national correspondent Jim Malone has more from Washington.
    Video

    Video Portrait of a Transgender Marriage: Husband and Wife Navigate New Roles

    As controversy continues in North Carolina over the use of public bathrooms by transgender individuals, personal struggles with gender identity that were once secret are now coming to light. VOA’s Tina Trinh explored the ramifications for one couple as part of trans.formation, a series of stories on transgender issues.
    Video

    Video Amerikan Hero Flips Stereotype of Middle Eastern Character

    An Iranian American comedian is hoping to connect with American audiences through a film that inverts some of Hollywood's stereotypes about Middle Eastern characters. Sama Dizayee reports.

    Special Report

    Adrift The Invisible African Diaspora