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Why did Raghuram Rajan urge India to focus on labour-intensive industries?
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13 hours ago · Former RBI governor Raghuram Rajan emphasized the need for India to focus on labour-intensive industries to generate employment. Despite 7% economic growth, job creation remains insufficient, particularly in manufacturing. Rajan highlighted the success of Vietnam and Bangladesh in labour-intensive sectors and urged India to follow suit. He also discussed GST rates rationalization and the need for equitable growth among states.
9 hours ago · Former Reserve Bank of India (RBI) governor Raghuram Rajan suggested that the government needs to focus on promoting labour-intensive industries to generate employment. Rajan said that with 7 ...
13 hours ago · With 7 per cent economic growth, India is not creating enough jobs as reflected by the number of applicants for vacant posts in some states, Reserve Bank's former governor Raghuram Rajan said and suggested the government needs to focus on promoting labour-intensive industries to generate employment.
9 hours ago · Former RBI Governor Raghuram Rajan expressed concern over India’s job creation despite its 7% economic growth, citing the rise of capital-intensive industries. He emphasised promoting labour-driven sectors like textiles. Rajan also urged reviewing the GST system and praised new apprenticeship schemes for addressing employment challenges., Economy News - Times Now
3 days ago · India has done well in areas like infrastructure in the last 10 years, but it also needs to do more in other sectors to boost local manufacturing and job creation, former RBI Governor Raghuram Rajan said on Thursday.
Aug 15, 2024 · For many emerging market economies, moving from an export-oriented strategy with labor-intensive manufacturing to a more sophisticated production process was key to their development. But the world is quickly changing, and Raghuram Rajan says India need not follow that same path.
May 16, 2024 · While Rajan supports the idea of enhancing domestic manufacturing, he is critical of the government's focus on sectors that are less labor-intensive. He pointed out that 11 out of 23 labor-intensive sectors in the Index of Industrial Production had lower outputs in March 2023 compared to 2016-17.
