Business looks to Modi to defuse India?s jobs time bomb
One of India?s front runners for its next Prime Minister is gathering support with a bold platform of investment in infrastructure and sweeping labor reforms. Mr. Narendra Modi constantly talks about reforming India?s ineffective political gesturing in much the same way he reformed Gujarat when he was the state?s Chief Minister. Now on the stage of Asia?s third largest economy, Mr. Modi hopes that the majority of Indian?s will see the looming employment crisis about to hit the country; approximately half of the 1.2 billion people living there are under 25. The current government has ?promoted? labor reform by upholding a guarantee of 100 paid working days each year for the country?s rural poor. Current polls show that Mr. Modi?s suggestions of selling land cheap, favoring labor-intensive jobs, and easing India?s strict labor laws are favorable with many.
See "Business looks to Modi to defuse India?s jobs time bomb", Manoj Kumar & Douglas Busvine, Global Post, May 4, 2014