By 2020, when the global economy is expected to run short of 56 million young people, India, with its youth surplus of 47 million, could fill the gap. It is in this context that labour reforms are often cited as the way to unlock double-digit growth in India. In 2014, India's labour force was estimated to be about 40 per cent of the population, but 93 per cent of this force was in unorganized sector. Over the last decade, the compound annual growth rate (CAGR) of employment has slowed to 0.5 per cent, with about 14 million jobs created during last year when the labour force increased by about 15 million.

Which of the following is the most rational inference from the above passage?

Question

By 2020, when the global economy is expected to run short of 56 million young people, India, with its youth surplus of 47 million, could fill the gap. It is in this context that labour reforms are often cited as the way to unlock double-digit growth in India. In 2014, India's labour force was estimated to be about 40 per cent of the population, but 93 per cent of this force was in unorganized sector. Over the last decade, the compound annual growth rate (CAGR) of employment has slowed to 0.5 per cent, with about 14 million jobs created during last year when the labour force increased by about 15 million.

Which of the following is the most rational inference from the above passage?

Accepted Answer

Correct Option: Labour reforms are required in India to make optimum use of its vast labour force productively. The passage emphasizes that India has a massive surplus of youth (47 million) that can address global labor shortages, and that "labour reforms are often cited as the way to unlock double-digit growth in India." It also points out structural issues, such as 93% of the workforce being in the unorganized sector and employment growth slowing to just 0.5%. To harness this vast labor force and transition workers from unorganized to productive employment while achieving high economic growth, labor reforms are essential. Option A is contrary to the youth surplus advantage. Option C is too optimistic and not guaranteed by the facts. Option D is incorrect because the passage mentions the potential to fill the gap but highlights labor reforms as the key internal prerequisite. Thus, Option B is the most rational inference.

Which of the following is the most rational inference from the above passage?

हिंदी में प्रश्न एवं आदर्श उत्तर