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flag Former RBI Governor Rajan indicates insufficient job creation in India's 7% GDP growth and urges focusing on labor-intensive industries.

flag Former Reserve Bank of India Governor Raghuram Rajan emphasized that India's 7% GDP growth is insufficient for job creation. flag He urged the government to focus on labor-intensive industries instead of capital-intensive ones, which are growing faster. flag Rajan also noted that consumption among lower-income Indians has not recovered post-pandemic and recommended monitoring apprenticeship schemes. flag He stressed the urgency of leveraging India's demographic dividend within the next 15 years.

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