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Jobs elusive as India clings to fastest-growing economy tag

Analysts estimate that for every percentage point the economy grows, employment now adds just 0.15 of a percentage point

Reuters  |  New Delhi 

It's been two years since India emerged as the world's fastest-growing major economy, but the rapid expansion has done little to improve the lot of Ashok Kumar. Parked up and sitting on the kerb, the 25-year-old truck driver is going nowhere fast. He is the sole breadwinner for the 13 people in his extended family and his monthly salary is stuck at $150. With new, better-paid jobs hard to come by, Kumar lacks options. He fears becoming unemployed like his elder brother, who recently returned to their village in Uttar Pradesh after months of searching in vain for ...

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First Published: Fri, September 02 2016. 12:11 IST