Chart of the day

As far as GDP growth is concerned, just as India has scored over its peers despite the slowdown, on the employment front too, India has the edge as is highlighted in today's chart of the day. While there have been talks of a recovery taking place in various countries across the globe, rising unemployment remains a serious problem. The US, in fact, expects the rate to be as high as 10% in 2009. Thus, despite stimulus packages being announced, high rates of unemployment will not be conducive in bolstering consumption which will be necessary to come out of the slump.


Data Source: The Economist