India’s job situation is really alarming: Ex-RBI Governor Raghuram Rajan

Former RBI governor Raghuram Rajan has expressed concern over India’s employment situation, calling it “really alarming”, and said the government must focus on promoting labour-intensive jobs such as those in the services sector.

According to Rajan, the government’s approach to boosting growth and increasing employment through a heavy focus on the manufacturing sector is misguided.

[Via]

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