Since 1990-91, the construction sector added almost as many new non-farm jobs as the next four top job-generating sectors—trade, miscellaneous services, transport and storage, and education—put together. Photo: Reuters New Delhi: India’s liberalization in 1991 was premised on the idea that it would make local industries more competitive, helping them capture world markets, which in turn would enable millions of Indian workers to move away from low-productivity farm jobs to high-productivity factory jobs.
A quarter century later, how far has that dream been realized?
Data from the KLEMS India database on employment and productivity published recently by the Reserve Bank of […]
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