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FORBES WARNS INDIA OF JOBLESS GROWTH.

AsiaPulse News

| August 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, Aug 1 Asia Pulse - Financial and business magazine Forbes has warned that India faced the risk of jobless growth, saying its booming services sector was too small to provide employment for the burgeoning work force.

"It is the energy and manufacturing industries that will have to be the engines of job growth, as IT services companies are just too small," the magazine said announcing its 40 largest corporations of India.

India faced a risk of jobless growth if the economy could not grow fast enough to generate jobs for a labour force that is getting more productive and growing in size by 4 per cent a year.

"The resultant growth of manufacturing and services sectors is dirving the overall expansion of the economy, with gross domestic product ...

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Source: HighBeam Research, FORBES WARNS INDIA OF JOBLESS GROWTH.

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