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World Business Report: First broadcast 2019/10/18 14:32 GMT: India's job creation conundrum

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First broadcast 2019/10/18 14:32 GMT

First broadcast 2019/10/18 14:32 GMT: India's job creation conundrum

India's job creation conundrum

BBC World Service - World Business Report, India's job creation conundrum

How do you create jobs for the 12 million young people who join the workforce each year?

How do you create enough jobs for the 12 million young people who join the workforce each year?

The world's largest democracy needs 10% growth just to create enough employment for the 12 million young people who enter the workforce each year. However, India's growth rate has dropped to its lowest rate in 6 years. Prime Minister Modi’s attempts to move way from a cash-based economy appear to have halted economic progress, with large numbers of highly-educated graduates searching unable to find work. Collapsing infrastructure has caused young entrepreneurs like Sumit Arora to move abroad in their search for opportunity. Rahul Tandon met him after he arrived in the UK on his first overseas business trip. It’s a more positive picture for Indian companies like Oyo, the second largest budget hotel chain in the world. CEO Aditya Ghosh tells us about the company’s international ambitions. Also, we have an update from Lebanon, where the government did a u-turn on plans to tax calls made using Facebook's WhatsApp platform after a night of violent protests in Beirut. Plus, we hear from a Scottish whisky distiller about the impact of the latest round of US tariffs on her business. 

(Picture: Students graduate from university in Amritsar, India. Credit: AFP)

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