Wednesday, May 23, 2012

India's labour market problem in a graphic

An OECD report indicates that close to 70% of employers in India reported recruitment difficulties in 2010.

It is a reflection of both the general skills deficit and jobs market frictions which prevent efficient demand-supply matching. The general skills deficit is itself a combination of the lack of adequate supply and also the unemployable nature of a large proportion of those currently in the labour market.

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