13 million Indians will join the workforce every year from now till 2030. They know their prospects arent good. Heres why: in the years from 1972 to 1983not celebrated as a time of overwhelming prosperitythe total number of jobs in the economy nevertheless grew 2.3 per cent a year. In the years between liberalization in 1991 and today, jobs have grown at an average of only 1.6 per cent a year. But, if these young people have to be absorbed, then jobs must grow at least 3 per cent a yearalmost twice the rate at which they have since liberalization. This is simply not happening. In other words, one out of every two youngsters who starts looking for a job next year wont find one.

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