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Thursday, August 25, 2011

The Indian Growth Story

Million vacant government posts due to skill shortage to hurt India's growth - The Economic Times: "There are over a million vacancies for the country's most coveted jobs - employment in the Central government - and they're just not getting filled.

These include the police and defence forces, which together have nearly 700,000 vacant posts, valued for the security of tenure and reliable, inflation-linked pay and pension schemes that they offer.

But there are also several vacancies for skilled professionals such as doctors, scientists, statisticians and economists. These, if left vacant, could dent India's growth prospects in the near future.

The latest NSSO survey shows India's workforce grew by only 2 million between 2004-05 and 2009-10, inviting the charge that growth has bypassed the job market. The numbers would have looked 50% better if the government had filled those 1 million vacancies. "

'via Blog this'

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