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A Case Study on ‘Job Creation’ in India

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Submitted By avinash2nirala
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STRATEGIC HUMAN RESOURCE MANAGEMENT

Summary of

A Case Study on ‘Job Creation’ in India

Submitted to: Dr. Debashish Sengupta

By-
Avinash Kumar Nirala
12010121071
OLS
MBA JULY 2012-14

Case Study: God of jobs not smiling on India

Context
With 1.2 billion people and the world’s 4th largest economy, India’s recent growth and development has been one of the significant achievements of our times. India has the largest and youngest workforce in the world. At the same time, the country is in the midst of massive wave of urbanization as some 10 million people move to towns and cities each year in search of jobs and opportunity. For the last two decades, India has had one of the world's fastest-growing economies. Even in recent years, when the global recession and complacent policymaking have slowed progress, growth has remained a healthy 5 percent to 6 percent.
However, India's economy in 2013 is slowing down consistently according to the latest government figures. For the April-to-June quarter, it grew at a rate of 4.4%, compared with the same period in the previous year. On August 28, 2013 rupee hit an all-time low of 68.80 against US dollar. According to the official estimates, Indian economy was expected to grow at 7.6% in the fiscal year 2012–2013. However, leading financial organizations and economic think-tanks expect Indian economy to grow slower than official projections. In the end, India ended up growing 5% during the 2012-2013 fiscal years. Presently, country’s infrastructure needs are massive. One in three rural people lack access to an all-weather road, and only one in five national highways is four-lane. Ports and airports have inadequate capacity, and trains move very slowly. An estimated 300 million people are not connected to the national electrical grid, and those who are face frequent disruptions. And, the manufacturing sector –

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