Investment in Modern Industry Only Way to Tackle Unemployment, Says CMIE Chief
With India staring at worsening employment conditions, Mahesh Vyas, managing director and chief executive officer of Centre for Monitoring Indian Economy (CMIE) says the number of jobs can only go up if investments in modern industries are significantly increased. "The investment climate has been very weak for many years now. This is the biggest problem," said Vyas. As of now, Centre for Monitoring Indian Economy happens to be the only organisation to come up with a comprehensive unemployment data on India.
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