UPA’s legacy: jobless growth

Key economic data released by the government on Friday shows that the first stint of the Congress-led United Progressive Alliance (UPA) generated a mere 400,000 jobs a year, compared with 12 million jobs annually during the tenure of the Bharatiya Janata Party (BJP)-led coalition, the National Democratic Alliance (NDA). During the period 2004-05 to 2009-10, growth in the economy averaged 8.43%, delivering the politically uncomfortable message: jobless growth. This revelation comes at a time when the UPA is battling charges of corruption during its second tenure and will lend fresh political ammunition to its critics.

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