Key Points
The World Bank in a new report has highlighted jobless development in South Asia and has highlighted that the regions labour markets stand out among emerging market and developing economies (EMDEs) for having suffered for decades from declining employment ratios and exceptionally low shares of women in employment...
Sustaining growth will require increasing employment ratios, especially in the non-agricultural sectors and among women, through measures to remove obstacles to growth for businesses, increase openness to international trade, ease labor market and product market restrictions, build human capital, and strengthen equality of womens rights, said the report Jobs for Resilient, the latest South Asia Development Update of the World Bank released on Tuesday...
While highlighted that in the services sector, Indias large, well-educated, young, and English-speaking workforce, coupled with a reliable digital infrastructure, has turned the country into a global leader in computer services and business process outsourcing and a global hub for medical services, they tend to require highly skilled workers and have only a limited capacity to employ Indias large pool of unskilled workers..
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