The Task of Job Creation and the Test for Task Forces

India is at the cusp of disruption fuelled by changing demography and technology.

Depending on who is telling the story the perception about job creation is — jobs are not being created or more jobs need to be created.

The question that needs to be asked is, given the state of aging in the developed world, whether there is room for another China story — and can India match Chinese cost competitiveness that has contributed to global goods price disinflation.

Dismantling a dozen of the ministries that deal with state subjects will create room for policy innovation, deliver results and put the onus of employment on state governments — as indeed it should be.

Willy-nilly interventions have been long on promise and short on delivery.

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