The basic principle of trade is that a country exports in sectors where it has a comparative advantage while importing in sectors where it does not. But in the Indian economy, only a minority of the workforce is engaged in activities where India is competitive.
Posts published in “Economy”
Despite two decades of fast-paced growth, millions of Indians still live in abject poverty and the promise of economic reform is yet to come. Here is a new-age blueprint for an intelligent market economy that works for Indians of all classes and sets India on a path of equitable and sustainable growth.
A key driver of unemployment is the chasm between industry and educational institutions. The method of teaching and examination employed across universities in India remains largely primitive and bookish, failing to fulfil the current needs of the industry.