The region created an average of 10m jobs a year, working-age population grew by 19m
COLOMBO – Job creation in South Asian economies is not keeping pace with the rise in the working age population, putting the region on a path that risks "squandering its demographic dividend", the World Bank said on Tuesday.
"If only they can be employed. It's a fantastic opportunity to grow but until recently employment ratios have been falling." In absolute terms, the region created an average of 10 million jobs a year when the working-age population was growing by an average of 19 million a year. Over 2000-22, the employment ratio in India declined more than any other South Asian country except Nepal, but preliminary data suggests a rebound in 2023 that partially reversed the earlier decline, said the World Bank.
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