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India is a labour-abundant economy. This abundance is in low-skilled labour, given that almost 80% of its working-age population does not have even a higher secondary education, with only an eighth of the working-age population having studied beyond high school. While India adds 8-10 million people to its labour force annually, roughly 2 million are college-educated or beyond. There is also a wide variation in the quality of degree programmes across India, most of which cannot impart marketable skills. Thus, high-skilled workers are scarce. ....
India is not attracting enough manufacturing through China Plus One strategy, says Raghuram Rajan thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The Hindu on Books | Raghuram Rajan on India's economic future, growing up in Aligarh, the year's best coffee table books and more thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
"You don’t get other perks that government officials get, you don’t get a pension. But you get I think medical facilities," said ex-RBI Governor Raghuram Rajan in a podcast. ....