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Stalled Structural Change Brings an Employment Crisis in India
(Springer, 2021-05-29T00:00:00) Mehrotra, Santosh; Parida, Jajati K.
Using national-level employment data, this paper explores both the supply and demand-side factors responsible for stalling India�s structural transformation on the employment side. We have found that although the overall LF participation has consistently been declining, the size of open unemployment and discouraged LF are rising at an unprecedented pace. This employment crisis arose because of the stalled structural transformation owing to the lack of effective demand for skilled workers in the non-farm sectors. This crisis is not only reflected in stagnant real wages, but it also adversely affected GDP growth and the incidence of poverty. Hence, unless measures are taken quickly, India�s demographic dividend, which ends in 2040, is under severe threat. � 2021, Indian Society of Labour Economics.
Why human development should precede economic growth in the States
(Economic and Political Weekly, 2021-09-18T00:00:00) Mehrotra, Santosh; Parida, Jajati Keshari
This paper presents a conceptual model of the relationship between human development and growth and between them and poverty. It then empirically tests the model. It is argued that to sustain economic growth, improvement in human development and income poverty reduction should be given the topmost priority in Indian states. � 2021 Economic and Political Weekly. All rights reserved.