Job creation 7-year low, situation may spell disaster: Prez
November 16, 2016  18:02
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President Pranab Mukherjee on Wednesday cautioned that a scenario opposite to job creation can spell disaster in the country.

Addressing a conference of heads of educational institutions, he said job creation figures were the lowest in past seven years and jobs creation is a priority.

"In India, we have enough talent. With the largest population of the young, we are poised to leverage a low dependency ratio. But that depends on the productivity of the population in the working age bracket. If there are enough jobs in the country, there will be content, refinement and perfection. An opposite scenario can spell disaster.

"The restlessness and frustration of youth manifests in unrest and upheaval. Let us not allow such a situation to appear on our horizon. We must turn our evolving demographic configuration into strength. For that, adequate job creation is a priority. The job creation figures of 1.35 lakh in 2015, which is the lowest in seven years, are not encouraging," the President said.

He said with machines fast replacing men, there is a need to have a look at a paradigm shift. -- as reported by PTI
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