How UPA’s populism may have entrenched jobless growth

This is one bit of statistic that should have the BJP-led NDA jumping over the moon with joy. But it probably won’t, because it does not know why it has been the recipient of this good news. One of the enduring legacies of Manmohan Singh’s liberalisation has been jobless growth. The reasons are obvious to everybody: while reforming industrial licensing and capital markets, no reforms were done in the land and labour markets.

Read Full Story>>