Job-less growth model is flawed' - India

Mumbai - Reserve Bank Governor D Subbarao has warned that the country will not be able to cash in on the demographic dividends if the economy continues its job-less growth pattern for far too long.
Stating that now questions are being asked whether the model of services-led growth is sustainable, he said services sector cannot be the sole engine of growth. Referring to the boastful talk about the huge demographic dividend, Subbarao said: “We forget the most important thing — demographic dividend is not inevitable. To reap the demographic dividend, we need to find jobs for the 150-200 million people who will be thrown out of the farm sector (in the near future).” For full article: http://www.deccanherald.com/content/176308/job-less-growth-model-flawed.html