Reimagining India's Economic Future | Raghuram Rajan and Rohit Lamba https://youtu.be/Xi5Tej8WOV8?t=489 Manthan India
Dec 23, 2023 Raghuramrajan and Rohit Lamba address both sets of views in their new book, Breaking the Mould: Reimagining India’s Economic Future, as they develop a policy perspective on India’s economy that will ‘break the mould’ and usher in an era of improved well-being which will be equitable and transform people’s lives.
Is India growing rapidly today and on the cusp of transforming the lives of its people? Is global manufacturing rushing to India and will it then generate the kind of employment that India’s youth badly needs? The optimistic answers to these questions which dominate the media also have their critics. The counter view is that India’s growth has been and continues to be extremely unequal and it is not generating adequate employment. Another counter is that India has missed the manufacturing bus and industry will never be able to generate jobs on the scale needed. India, it is said, must look to growing and generating jobs on the back of services, including high-end services. It is also argued that India’s governance structures are far too enfeebled to oversee an economic transformation.
https://youtu.be/Xi5Tej8WOV8?t=749 jobs and rate of growth..wihat will bridge this gap. Growing the manufacturing sector? Korean path? Is that easy today. Now Rich countries have moved to Services. The other end of the SMILE curve.