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India needs 8-8.5% growth to create enough jobs: Former RBI Guv Raghuram Rajan

HSBC estimates the nation will need to create 70 million new jobs over the next 10 years, and with growth of 7.5 percent, only two-thirds of the jobs problem will be solved. High joblessness is also a concern for Prime Minister Narendra Modi as he seeks a third term in office in elections next year. ....

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India Needs 8%-8.5% Growth To Create Enough Jobs, Former RBI Goovernor Says

India Needs 8%-8.5% Growth To Create Enough Jobs, Former RBI Goovernor Says
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Raghuram Rajan says India's current growth isn't enough to create ample jobs

Former Reserve Bank of India Governor Raghuram Rajan said India s economy needs to grow at over 8% to meet job demands for its vast population. While the current growth rate of 6%-6.5% is commendable, Rajan flagged the urgency of faster expansion to address the employment needs of the country s youth. ....

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