India's economy is spawning a growing middle class, a host of world-class companies, a booming stock market and a new image for this nation of more than one billion people.

But those very reforms and conditions are also reducing the prospects of some of its citizens.

The Bharatiya Janata Party is seeking re-election on the strength of an economy that grew at a breathless 10.4 percent [!?!] in the first quarter of this year.

With greater efficiencies, global competition, cheap capital and new technology, private companies are doing more with fewer employees.

Over time, the social consequences of jobless growth will become more severe.