<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8c64f75c-87a7-438d-afc9-96d231a6978f/0B836EE4-77BC-44F5-B9D7-EE5B866A2CCA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://eskeptic.wordpress.com/2007/07/18/econometrics-abused-india-predicts-0-unemployment-by-2010/" href="http://eskeptic.wordpress.com/2007/07/18/econometrics-abused-india-predicts-0-unemployment-by-2010/" style="font-size: 11px;">eskeptic.wordpress.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://eskeptic.wordpress.com/2007/07/18/econometrics-abused-india-predicts-0-unemployment-by-2010/"><H2>Imprudent analysis: India predicts 0 unemployment by 2010</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://eskeptic.wordpress.com/2007/07/18/econometrics-abused-india-predicts-0-unemployment-by-2010/"><P class="MsoNormal"><SPAN>According to the Times of India, “<EM><FONT color="#999999">the </FONT></EM>[EAC]<EM> <FONT color="#999999">expects that there will be no unemployment by 2010, if not earlier</FONT></EM>.” EAC”s statement:</SPAN></p> <BLOCKQUOTE><P><SPAN></SPAN><SPAN>“The unadjusted employment elasticity for the latest period (1999-2000 to 2004-05) is 0.48. Even after adjusting sectoral elasticities to lower figures, it is seen that with a GDP growth rate of 8%, by 2010 the workforce will become equal to the labour force.” </SPAN></P></BLOCKQUOTE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://eskeptic.wordpress.com/2007/07/18/econometrics-abused-india-predicts-0-unemployment-by-2010/">Meanwhile, consumer confidence in India is considerably low (63.6, down from 76.4 –out of 100– a year earlier), which in light of the abundant employment opportunities, higher wages causing <A href="http://eskeptic.wordpress.com/2007/06/07/indian-firm-outsources-outsourcing/"><FONT color="#800080">Indian firms to outsource outsourcing</FONT></A>, and unusually high attrition rates in the service sector (40-ish%), makes little sense, assuming the sector-specific adjustments are taken care of as noted. </blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content8.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.projectconcern.org/site/PhotoAlbumUser?view=UserPhotoDetail&PhotoID=11025&position=3&AlbumID=5075" href="http://www.projectconcern.org/site/PhotoAlbumUser?view=UserPhotoDetail&PhotoID=11025&position=3&AlbumID=5075" style="font-size: 11px;">www.projectconcern.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.projectconcern.org/site/PhotoAlbumUser?view=UserPhotoDetail&PhotoID=11025&position=3&AlbumID=5075"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.projectconcern.org/img/1796E282-3B8C-4A27-837A-3AEEC6535384" alt="Improving health and addressing poverty in India" /></div></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content6.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.youtube.com/watch?v=rMbMg1Xk36c" href="http://www.youtube.com/watch?v=rMbMg1Xk36c" style="font-size: 11px;">www.youtube.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.youtube.com/watch?v=rMbMg1Xk36c"><div align="center"><embed src="http://www.youtube.com/v/rMbMg1Xk36c&hl=en&fs=1&" height="329" width="400" wmode="opaque" quality="high" type="application/x-shockwave-flash"></embed></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0B836EE4-77BC-44F5-B9D7-EE5B866A2CCA/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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