Recently, a national report on the employment situation in India has warned that nearly 30 percent of the country’s 716 million-strong workforce will be without jobs by 2020. Government of India doesn’t have the resources or political will to find jobs for such a large population.
Retail trade employs 8 percent of India’s population, the largest employer after agriculture. There are more than 12 million small retailers in India, 96 percent of whom are small mom-and-pop stores, each occupying less than 500 square feet, creating the highest retail-outlet density per capita in the world. [Tarun Khanna, Yale]
Call centers and other outsourced businesses — such as software writing, medical transcription and back-office tasks — employ more than 1.6 million people in India, mostly in their 20s and 30s. Heart disease is projected to account for 35% of deaths among India’s working-age population between 2000 and 2030 says World Health Organization study. That number is about 12% for the United States, 22% for China and 25% for Russia.