India Rising? Maybe Not.

[PradoTLC]

India: 500,000 apply for 166 vacancies as cleaners and gardners

Patna: More than 500,000 candidates, many of them highly qualified, have applied for 166 vacancies for Grade 4 employees, indicating the level of growing unemployment in India.


The positions advertised by the Bihar legislative assembly secretariat cover a variety of posts that include drivers, library attendants, office attendants, watchmen, cleaners and gardeners.

Salary for these positions start at Rs18,000 (Dh950) per month. Anyone who has passed Grade 10 school examination is eligible to apply. Strangely, many applicants were those who had passed the graduation or post-graduation examinations.

Hundreds of such applicants appeared before the state assembly on Monday for scrutiny of their papers by a private company hired by the secretariat. Around 2,000 applicants were being called every day for verifications of their documents.

“I am jobless despite a graduation degree in hand and somehow surviving by working as daily-wage driver. I have applied for the position hoping to get a job,” said Sansar Kumar, a 27-year-old youth who applied for the post of driver. The government advertisement says anyone in the age-group of 18 to 37 can apply for these posts and this has led to a huge rush of applicants.

Data released by the labour ministry in May confirmed unemployment in the country was 6.1 per cent of the total labour force during 2017-18, which is the highest in 45 years. The data was released on the day Narendra Modi 2.0 cabinet took charge on May 30.

In April last year, more than 25 million people had applied for 90,000 vacancies advertised by the Indian Railways. Here, too, the vacancies advertised were for hiring engine drivers, signalling staff, welders, porters, track maintenance workers, electricians and mechanics — yet quite many highly qualified jobless youths applied for those jobs.

Prior to this, more than 500,000 youths had applied for 3,000 posts of sweepers in Uttar Pradesh. The vacancies were advertised in August 2016.



https://gulfnews.com/world/asia/ind...66-vacancies-as-cleaners-gardeners-1.64511955

 

[xyxmt]

Its a good business.

imagine starting a portable toilet company. their population is 1.339 billion and the quoted stat is that more than half dont have toilet.

If you charge $1 a month per person you are looking at $669 million revenue a month and annual revenue of $8 billion a year.

Something to think about.

Than you can add in Pakistan motorway style premium toilets and make even more money.

It would be the most loss making business, no one will buy
better idea is to have designated open air poop parks
like paid parking lot

 

[PradoTLC]

Our GDP growth rate is 6.8 pc and not 5.8 pc.

A lots of jobs are created in unorganized sector whose data is not available. More over loan to over 10 crore people is provided out of which over 4 crore has taken it for the first time. So India has generated atleast 4 to 8 crore new entrepreneurs. This are going nice. Last years, our per capita income rose by 11 pc to over 10500 a month which is a very nice rise.

BS...

The Indians are very stingy, even the ‘middle class’ ones. They argue and over cents or pennies, they are far from even having a mindset of being developed economy.

heck they even kill babies over pennies....

Two-year-old girl murdered in India over unpaid loan of Dh529

https://gulfnews.com/world/asia/ind...dia-over-unpaid-loan-of-dh529-1.1560239650053

 

[Mamadouso]

BS...




heck they even kill babies over pennies....

Two-year-old girl murdered in India over unpaid loan of Dh529

https://gulfnews.com/world/asia/ind...dia-over-unpaid-loan-of-dh529-1.1560239650053

I actually have experience of them, the Indian claim to be of a developed place now but in reality they used to even embarrass other clients from places like Brazil, Singapore, South Africa etc

Arguing over very small amounts or repeatedly going over negligible details, meaningless when dealing with large contracts. And this was a regular occurrence where other clients used to laugh and joke about them

 

[PradoTLC]

I actually have experience of them, the Indian claim to be of a developed place now but in reality they used to even embarrass other clients from places like Brazil, Singapore, South Africa etc

Arguing over very small amounts or repeatedly going over negligible details, meaningless when dealing with large contracts. And this was a regular occurrence where other clients used to laugh and joke about them

they are a small minded people.

 

[nahtanbob]

https://www.pwc.com/gx/en/issues/economy/the-world-in-2050.html

Key findings
This report sets out our latest long-term global growth projections to 2050 for 32 of the largest economies in the world, accounting for around 85% of world GDP.

Key results of our analysis (as summarised also in the accompanying video) include:

• The world economy could more than double in size by 2050, far outstripping population growth, due to continued technology-driven productivity improvements
• Emerging markets (E7) could grow around twice as fast as advanced economies (G7) on average
• As a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th)
• The US could be down to third place in the global GDP rankings while the EU27’s share of world GDP could fall below 10% by 2050
• UK could be down to 10th place by 2050, France out of the top 10 and Italy out of the top 20 as they are overtaken by faster growing emerging economies like Mexico, Turkey and Vietnam respectively
• But emerging economies need to enhance their institutions and their infrastructure significantly if they are to realise their long-term growth potential.