(4) Current employment growth includes many non-regular workers whose wage growth remains limited, while there is a declining trend in employment growth among regular workers in manufacturing, whose productivity growth and thus wage growth have exceeded other sectors. Finally, (5) it is not yet confirmed whether households’ expectations regarding future income will follow a rising trend.
He cared deeply about India, and gave freely of his time and money to make a difference here. Many of you have attended the seminars he organized to improve Indian business practice. He believed we Indians could be second to none; some of the businessmen here have taken his message to heart and delivered.