India's future: it's about jobs
Abstract: Projections of sustained strong growth in India depend importantly on the utilization of the huge increase in India's working-age population projected over the next two decades. To date, however, India's economic growth has been concentrated in high-skill and capital-intensive sectors, and has not generated strong employment growth. In this paper, we highlight the tension between India's performance in output and employment, describe the characteristics of India's demographic dividend, and discuss impediments to India's shift away from agriculture.
File(s): File format is application/pdf http://www.federalreserve.gov/pubs/ifdp/2007/913/ifdp913.pdf
File(s): File format is text/html http://www.federalreserve.gov/pubs/ifdp/2007/913/default.htm
Part of Series: International Finance Discussion Papers
Publication Date: 2007