Globalisation, Economic Reforms and Employment Strategy in India

...unless there is a sea-change in the present mind-set among policymakers, bureaucrats, financers, producers and consumers, the present development strategy will create more gaps between the 'haves' and the 'have-nots', resulting in an unsustainable socio-political condition, warns S.P. Gupta, a leading authority on the subject. Way outs have been suggested different from the prevailing policy to change this mindset and address the problem in this latest book on employment strategy. In the words of the author who was the chairman of the special group that prepared the much discussed report on 'targeting 10 million employment opportunities per year', prepared by the Planning Commission, Govt. of India (May 2002) - since the release of the 2002 report, there have been vast and rapid changes in the world scenario and, as a result, changes in the socio-economic fabric of India. It is increasingly realised that in isolation, in this growing and integrated world, it would not be possible to formulate or develop any effective employment strategy...It has also been found that the present technological trend originating in many developed countries, appropriate to their 'factor endowment' with an abundance of capital and a scarcity of labour, are proving a misfit in most less developed economies. In this attempt, most of the labour surplus economies are facing a near jobless growth, primarily by using the imported technologies especially in all their 'globally integrated' production units.