WORLD FOCUS

In India, where unemployment is high, 4,000 people vie for just 14 posts

India's recent corporate tax cuts have made it a more attractive destination for foreign investors. But Asia's third-largest economy is largely powered by domestic consumption. The Straits Times looks at areas rattling the economy - unemployment and consumer spending.

Three months ago, Mr Ashu Saini, 30, lost his job as a branch manager at a microfinance company in the town of Saharanpur in India's central state of Uttar Pradesh.

The commerce graduate, unable to pay rent and other expenses, moved back with his wife and baby to his native village, Rashidghar, some 60km away from Saharanpur.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on October 01, 2019, with the headline 'Where 4,000 vie for just 14 posts'. Print Edition | Subscribe