In­clu­sive Growth and Cre­at­ing Qual­ity Jobs

Southasia - - Cover story -

South Asia is al­ready un­der­go­ing a ma­jor struc­tural trans­for­ma­tion based on rapid growth of ser­vices and man­u­fac­tur­ing. It has so far has seen a rapid in­crease in the con­tri­bu­tion of the ser­vices sec­tor in em­ploy­ment. How­ever, the key as­set of South Asia is its peo­ple. South Asia has a young pop­u­la­tion and the low­est fe­male par­tic­i­pa­tion rate in the la­bor force. The de­mo­graphic div­i­dend will re­sult in more work­ers en­ter­ing the la­bor force in the fu­ture. More than 300 mil­lion peo­ple are ex­pected to en­ter the prime work­ing age pop­u­la­tion over the next decade. Cre­at­ing jobs for them will con­trib­ute to growth, eq­uity, and peace in the re­gion.

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