If China nickel plated screw Factory the World Bank is to be believed, automation threatens 69 per cent of jobs in India and 77 per cent in China, and a whopping 85 per cent in Ethiopia. There is blood on the streets and gloom and doom is the prevailing strop. Another equally big reason is the lack of trained manpower.3 per cent and 14. Even here, despite the Skill India programme, results will take time as the quality of primary instruction in India is very poor. With large corporations and public sector banks financially stressed, the average size of companies in India is reducing, at a time when well-organised large companies are central to creating jobs. It states overall growth in the index of industrial production (IIP) was (-)2.The monthly economic report for August 2016 by the department of economic affairs underlines these ominous trends. What are these circumstances and compulsions Is it only terror or is it something very deeply intrinsic and internally dysfunctional Consider the following data points that profile a very gloomy spectre 6 per cent respectively over August 2015.
Mechanisation and technology have disrupted conventional industrial production, upended manual jobs and call time on work that has been done by generations.7 per cent in August 2016, from 3. The no-brainer solution, therefore, is to equip millions of people with basic blue-collar skills.In 2015, India added the fewest organised-sector jobs in large corporations and manufacturing facilities in seven years across eight core industry sectors.84 per cent on an average.7 per cent and in 2017 it is expected to grow by 5. In 2016, it clocked a mere 4. But the vast majority of Indians don’t have access to this resource and, therefore, aren’t equipped to work in a modern economy. The ratio of jobs in the unorganised sector without monthly payments or social security benefits is set to rise to 93 per cent in 2017.3 per cent in July 2015. The wholesale price index (WPI) headline inflation increased to 3.
A diversion and a very strong one indeed. With a public debt of $50 billion, of which around $30 billion was due for repayment in July-September this year, the fact that the Pakistani economy is floundering is a gross understatement.9 per cent. The formation of companies has slowed to 2009 levels, and existing firms are growing at two per cent, the lowest in five years.4 per cent in July 2016, in contrast to 4. Oil stood at $51. Some analysts claim that oil will hit $120 a barrel by early 2018. “But the traditional economic path from increasing productivity of agriculture to light manufacturing and then to full-scale industrialisation may not be possible for all developing countries,” Mr Kim adds. A period of mass unemployment and social unrest is looming over the immediate horizon unless there is an internal and external shift that at the moment is conspicuous by its absence.0 per cent while merchandise imports fell 15. There is nothing like a good old war hysteria or even a war to get the blood of raw jingoism flowing in the nation’s loins.