Gs-3 : Inclusive growth-Before reading this present article, r | VK IAS by Vikas kanukollu (VK)
Gs-3 : Inclusive growth-Before reading this present article, read these in the same order( Series of articles by Arun Maira )
Problems of Indian economy : Criticism of Raghuram Rajan's work
1. What is the primary challenge in India's economic structure-mismatch between skills, jobs, and incomes
2. Why have economic theories failed?-They overlook the essence of development which includes learning and skill acquisition they are developed by analyzing numbers rather than experiences.
3. Why does investing in 'adjacencies' in work and skills matter?-Investing in adjacencies—areas of work that are closely related to what people are already doing—can help workers climb the skill-income ladder more effectively. Suggestions
1. Shift from focusing on high-end services and large manufacturing to local webs of economic activity.
2. Increasing the masses' earning and purchasing power
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