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Former RBI Governor Rajan indicates insufficient job creation in India's 7% GDP growth and urges focusing on labor-intensive industries.
Former Reserve Bank of India Governor Raghuram Rajan emphasized that India's 7% GDP growth is insufficient for job creation.
He urged the government to focus on labor-intensive industries instead of capital-intensive ones, which are growing faster.
Rajan also noted that consumption among lower-income Indians has not recovered post-pandemic and recommended monitoring apprenticeship schemes.
He stressed the urgency of leveraging India's demographic dividend within the next 15 years.
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El ex gobernador de RBI Rajan indica una creación de empleo insuficiente en el crecimiento del 7% del PIB de la India e insta a centrarse en las industrias de gran densidad de mano de obra.