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Board of Governors of the Federal Reserve System (U.S.)
International Finance Discussion Papers
India's future: it's about jobs
Geoffrey N. Keim
Beth Anne Wilson
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.


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Geoffrey N. Keim & Beth Anne Wilson, India's future: it's about jobs, Board of Governors of the Federal Reserve System (U.S.), International Finance Discussion Papers 913, 2007.
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Keywords: Job creation ; Economic development - India
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