India's growth must create jobs, says ex-RBI Governor D Subbarao

Former RBI Governor D Subbarao has said India must make its economic growth more employment-intensive. He warned that rapid expansion of output alone will not be enough to reap a demographic dividend.

Subbarao called for greater private investment, labour-intensive manufacturing and better skills to turn growth into jobs. These steps, he said, are needed for growth to reach the workforce.

He also urged transparent technical scrutiny of GDP estimates. He pointed to the need to examine differences between GDP figures and other economic indicators.