South Asia’s Jobs Creation Lags Population Growth, Says World Bank
Last Updated: April 02, 2024, 23:29 ISTIn absolute terms, the region created an average of 10 million jobs a year. (Representative image)During the period between 2000-23, employment grew 1.7% a year while the working-age population expanded 1.9% a year, data included in the report showedJob creation in South Asian economies is not keeping pace with the rise in the working-age population, putting the region on a path that risks “squandering its demographic dividend”, the World Bank said on Tuesday.“The danger is the demographic dividend is missed. It’s squandered,” Franziska Ohnsorge, World Bank Chief Economist for South Asia told Reuters.“If only they can be employed. It’s a fantastic opportunity to grow but until recently employment ratios have been falling.”During the period between 20...