How India Can Fix Its Employment Crisis

In a year when democracy worldwide is being put to the test like never before, India conducted a peaceful election — the largest in human history. But, looking ahead, there’s a surprising contradiction in the Indian economic and political outlook right now. On the one hand, the economy’s on a tear, growing 7.8% in the 2023–24 fiscal year — outpacing the average 3.4% growth for G20 countries and 4.1% for all emerging markets. But on the other hand, India is in an employment crisis: In a country with the world’s largest and youngest workforce, there are very few good jobs to be had.