(MENAFN- Live Mint) "Surjit Bhalla, former India executive director at International Monetary Fund (IMF) on Sunday claimed that on an average basis, an unprecedented number of jobs are being created under the Narendra Modi government with the number touching about 10 million over the last 7-8 years, according to a report by PTI further said that the least number of jobs were created during the UPA government period from 2004 to 2013 and It was then that the term 'jobless growth' came about.
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Jobless young India, too educated to be employed?“...frictional unemployment is higher everywhere in the world, amongst the youth,” Bhalla said Minister Modi-led BJP government came to power in 2014 and came back with a thumping majority in the 2019 general elections.
On slowing down of foreign direct investment in India, Bhalla said an important reason for the fall in FDI in India could be attributed to the government's new policy, which says if there is a dispute related to investment, then it has to be settled in India, PTI reported.
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