Passage

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 percent of the population, but 93 percent of this force was in the unorganized sector. Over the last decade, the compound annual growth rate (CAGR) of employment has slowed to 0.5 percent, with about 14 million jobs created during the last year when the labour force increased by about 15 million.

QUESTION

CSAT

Easy

Comprehension

Prelims 2017

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

Select an option to attempt

Explanation

Option A is incorrect. The passage does not discuss population control as a measure to reduce unemployment. It focuses on India's youth surplus and the need for labour reforms, not directly on controlling population growth.

Option B is correct. The passage mentions that labor reforms are often cited as the way to unlock double-digit growth in India. This indicates the importance of labor reforms for enhancing productivity and utilizing the labor force effectively.

Option C is incorrect. The passage does not claim that India will soon achieve double-digit growth. It only discusses labor reforms as a potential way to unlock such growth, not guaranteeing its immediate achievement.

Option D is incorrect. The passage states that India has a youth surplus of 47 million, which could fill the global gap of 56 million young people. However, it does not mention the capability to supply "skilled" young people specifically or any reference to the export of labor.

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