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Growth sustainable only with enough jobs: economist
By agencies
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Thursday, 17 February 2005, 20:30 IST
CHENNAI:Growth in India will be sustainable only when it provides more jobs to growing number of graduates, a professor of the London School of Economics today said.
India is adding 17 million people a year, which was a "matter of worry - socially and politically - when it came to looking for jobs", said Prof. John Harriss, director of the development studies institute, London School of Economics.
He said India was in an era of globalization. But this had to be "inclusive globalization" that required "public policy interventions", he said.
Harriss said that in countries like India "increasing globalization and interconnectivity of the world had increased the significance of local cultures.
"Global means greater interconnectivity through IT and ad markets," he said. But instead of blurring geographies, globalization was "becoming more a case of distinctive geographies".