Reshape Indian economy by ‘servicification’ of manufacturing
While India’s labour force participation rate (LFPR) has continued to increase over the last 5 years, it is important to look at the quality of jobs being created.
While India’s labour force participation rate (LFPR) has continued to increase over the last 5 years, it is important to look at the quality of jobs being created.
A cocktail of buoyant GDP growth, benign inflation and business-more-than-usual have created a feel-good factor in 2023 — now brace for volatility in the New Year.
Raghuram Rajan and Rohit Lamba underline a policy need to focus on ‘high-skilled service’ and ‘service embedded into manufacturing’ as an economic model for India’s growth.
Rajan and Economist Rohit Lamba argue that India needs to overcome the ‘China fetish’ and carve a niche where its competency lies rather than vying for a pace in low-skilled manufacturing.
Former RBI governor mentions it is difficult for the US Federal Reserve to engineer a soft landing, kicking off a ripple globally, which may create headwinds for India next year.
Rajan raises questions on medium-term growth of Indian economy, specifically referring to slowing FDI inflows since 2021, elusive private sector investment
Former RBI governor Raghuram Rajan says India is doing fine on the monetary side but needs to undertake structural reforms with investment in human capital.
Union minister says Rajan passes off PLI as some sort of largesse, and that nothing could be further from the truth
India Cellular and Electronics Association (ICEA) last month said that mobile phone exports in India surpassed ₹90,000 crore in FY23 from ₹45,000 crore in FY22, mainly driven by the PLI scheme.
Quarterly growth numbers are noisy and should be best avoided for any serious interpretation, says the SBI Research note