Jobless Growth

India's unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed

It has sacked over 1,100 employees, so far, amid funding winter

On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets

The jobless rate decreased to 11.7 per cent in Q1 compared to 12.6 per cent in the Q4

Sanyal adds the government expects the fiscal deficit target of 3.3% of GDP to be met

A jobless growth a situation in which an economy recovers from a recession but the jobs market doesn't

He says economy cannot grow at such a rapid pace without adding new jobs and investment