these investments have created many employment opportunities. However, because of high import dependence the Singapore firms …

)-producing sector is good for jobs and is a major driving force behind the non-inflationary employment miracle and booming stock market … improvement in the ICT-producing sector by itself cannot explain a simultaneous increase in employment and a rise in firms … expanding employment. However, the increased output by adding to the capital stock and thus driving down future capital rentals …

higher employment-generation potential and export-intensity than the auto assembly segment of the sector. The component … raise productivity levels. 20. It is important to recognize that labour reforms are expected to increase overall employment … 30 per cent to total employment, 15 per cent to fixed assets and only 1.5 per cent to output in auto industry in India …