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Two Reports, Two Views

Montek S. Ahluwalia’s mantra
What the Special Group says
 
  • Unemployment rate in ’99 down to 2.2 per cent
Unemployment rate was more than 7 per cent
  • GDP growth will generate employment
Despite GDP growth, employment growth declined in ’90s
  • Agriculture has zero job-creation potential
Farm sector has the best potential
  • Prioritise organised sector to create jobs
Target unorganised sector to create jobs
  • Amend labour laws to make them employer-friendly
Create social security net first
  • Freeze special job schemes
Rationalise, don’t abandon
  • Dereserve small-scale industries in one go
Adopt a case-by-case approach
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