NEW DELHI: Average GDP growth rate of 12.2% is needed to start addressing India’s underemployment challenge and a bigger push is needed for a pro-growth, pro-jobs policy agenda to tackle the country’s high youth unemployment problem, a report by investment banking and financial services firm Morgan Stanley has said. “In our base case, India’s GDP will grow at an average of 6.5% over the coming decade, one of the fastest-growing economies globally. But this pace will not be enough to generate enough jobs,” said the report, asserting growth momentum needs to be stronger. The report said to achieve higher growth, India needs stronger growth in its industrial and exports sectors. “Studies have shown that every job created by manufacturing exports creates two other jobs in related sectors

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