employment problem

The rapid service-led growth experience over the last decade has led credence to the belief that not only has India leapfrogged the phase of manufacturing-led development and set out its own idiosyncratic path of structural transformation, but also that the idea of manufacturing-led growth is obsolete. This could not be further from the truth(Bloomberg)

To fix the unemployment problem, India must strengthen the manufacturing sector

By Radhicka Kapoor
UPDATED ON NOV 27, 2018 11:07 AM IST
Efforts to reduce the trade deficits must correct the imbalance between domestic absorption and domestic production; and manufacturing-led growth can ensure this
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