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☆ Analysis: India wants to be the next economic superpower. Half of its population holds the key
  + stars: | 2024-06-05 | by ( Diksha Madhok | ) edition.cnn.com   time to read: +9 min
New Delhi CNN —India, the world’s fastest growing major economy, is not firing on all cylinders. The engineering graduate started working at Finnish electronics manufacturer Salcomp’s factory in the southern Indian state of Tamil Nadu last year. Adnan Abidi/ReutersLike India, women in China were also relegated to subordinate roles for centuries. Factory jobsMuch of this change is visible in Tamil Nadu, India’s industrial powerhouse where companies such as Foxconn and Samsung have manufacturing plants. Employees test mobile phones on an assembly line of a unit of Foxconn Technology in Sriperumbudur, Tamil Nadu, on July 12, 2019.
Persons: Narendra Modi, Gunasri Tamilselvan, Tamilselvan, “, ”, It’s, Chandrasekhar Sripada, Adnan Abidi, Mao, ” Mao, Modi, Vishnu Venugopalan, Deepesh Nanda, Karen Dias, Parameshwari, Arun Roy, Roy Organizations: New, New Delhi CNN, European Union —, CNN, World Bank, Bank, McKinsey, Indian School of Business, Reuters, Communist Party, Apple, Samsung, Guidance, Tata Group, Tata Power, Foxconn Technology, Bloomberg, Getty, Tata, Tamil Locations: New Delhi, India, Tamil Nadu, South Asia, United States, China, Nongriat, Shillong, Meghalaya, Beijing, Washington, Guidance Tamil, Sriperumbudur, Tirunelveli, Zhengzhou, Tamil
☆ Opinion: The world just tilted in India’s favor
  + stars: | 2023-04-20 | by ( Opinion Frida Ghitis | ) edition.cnn.com   time to read: +7 min
She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and a columnist for World Politics Review. CNN —Imagine a world in which the world’s most populous country is a democracy. The United Nations Population Fund announced Wednesday that, according to its calculations, India’s 1.4 billion have already surpassed mainland China’s population, and will exceed all of China’s – including Hong Kong’s population – by the middle of this year. In addition to shrinking, China’s population is growing older. Today, after decades of breakneck economic growth, China’s population is much wealthier than India’s.
☆ India says its infrastructure boost could create much-needed jobs. Economists aren't so sure
  + stars: | 2023-03-01 | by ( Charmaine Jacob | ) www.cnbc.com   time to read: +3 min
High unemployment remains a challenge for India, and has been one of the biggest criticisms of Prime Minister Narendra Modi's government. Sopa Images | Lightrocket | Getty ImagesIndia is pumping up its infrastructure spending, a move the government says will create much-needed jobs. On the other hand, 94% of jobs are in the unorganized sector — with half the jobs in agriculture. watch nowAs India's infrastructure sector becomes more reliant on technology and automation, the upcoming boom in projects will create jobs for the organized sector, Kumar said. A lack of investments in the unorganized sector hence leaves many stuck with unstable jobs without a fixed income.
☆ India is set to become the world’s most populous country. Can it create enough jobs?
  + stars: | 2023-01-17 | by ( Diksha Madhok | ) edition.cnn.com   time to read: +5 min
New Delhi CNN —India will overtake China this year to become the world’s most populous country. That’s because India is simply not creating employment opportunities for the millions of young job seekers already entering the workforce every year. A huge crowd thronged India Gate on New Year's Eve on December 31, 2022 in New Delhi, India. The country needs to create at least 90 million new non-farm jobs by 2030 to absorb new workers, according to a 2020 report by McKinsey Global Institute. But, according to a former central banker, even this growth is “insufficient.”“A lot of this growth is jobless growth.
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