We need 100,000 mid-sized firms that are productive enough to employ Indians at decent wages
Job creation continues to be one of the main challenges for Indian public policy. There were some tantalizing moments in recent months when it seemed to get the attention it deserved. The sight of millions of displaced workers trudging back to their villages during the lockdown had generated a debate on the need for an urban jobs guarantee scheme. The recent election campaign in Bihar saw competing claims over providing more government jobs in the impoverished state. The latest fiscal package announced by the finance minister has given companies in the organized sector a time-bound incentive to hire more people at the lower end of the wage pyramid.
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