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Employment will not rise at anywhere close to GDP rate: Rahul Bajaj

Employment will not rise at anywhere close to GDP rate: Rahul Bajaj

Bajaj said each year India is producing an extra 12 million young people of an age that makes them ready for the nation’s workforce.

 

Bajaj Auto Chairman Rahul Bajaj reportedly said that although India’s GDP can hit a steady-state of around 8.5% for several years, employment “will not rise at anywhere close to that rate of growth”.

Bajaj said each year India is producing an extra 12 million young people of an age that makes them ready for the nation’s workforce.

“Unfortunately, while there is no doubt that we as a country can increase our GDP growth initially to 8 per cent per annum,” Bajaj reportedly said.

Bajaj reported that amidst various successes, there has been a disappointment over events surrounding its quadricycle Qute.

“In FY2016, we exported under 400 units (of Qute) to 13 markets across the world, " Bajaj said.

 

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