摩根士丹利：“就业陷阱” 逼近，印度需要经济奇迹以解决危机

Morgan Stanley economists warn that the Indian economy needs to sustain an astonishing growth rate of 12.2% per year to address its severe employment shortfall. Led by Chetan Ahya, the economists pointed out in their report that India's labor market is facing a dual challenge of unemployment and underemployment. Currently, the youth unemployment rate in India stands at 17.6%, the highest level in the region. Meanwhile, a large influx of labor into the agricultural sector has led to agricultural employment reaching a 17-year high. Morgan Stanley warns that unless India achieves stronger industrial and export growth, accelerates infrastructure development, and implements widespread reforms to enhance labor skills and improve the business environment, the country risks falling into an "employment trap." This could not only slow its ambition to become the next global growth engine but also exacerbate the pressure for outward migration, especially against the backdrop of rising costs for U.S. H-1B visas