This is a weird comment especially since the background is that the OP is concerned about it happening in India. For decades we have been unable to creates any

This is a weird comment especially since the background is that the OP is concerned about it happening in India. For decades we have been unable to creates any jobs at all since we had strict employment hiring/firing rules. And look where that got us. The progress we made was because IT was given special provisions to make hiring/firing easier and that became a job creation machine. If we change this, we will just go back to the previous state. Everywhere I look I see this trade-off so we can't get one without giving up the other in return.