World Bank : India needs to create far more regular, salaried jobs to join the ranks of the global middle class

Office workers in India
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The World Bank has said in a report that while uneducated Indian workers have shown resourcefulness despite the constraints they face, the business are too small to improve the well-being of their owners. What India needs is a substantial increase in salaried jobs with growing earnings for the standards of living to rise in the country.

“Since 1999, India has seen its IT sector boom, become a nuclear power, broken the world record for the number of satellites launched in a single rocket and achieved an annual growth rate of 5.6%. Yet, the size of its informal sector has remained around 91%,” the World Bank said.

 

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