Our biggest imperative as a nation today is to create good jobs that would help our humungous workforce transition out…
Unlocking India’s Growth Potential
The Foundation for Economic Development aims to facilitate a sustained and broad-based growth rate of over 10% in India
Our Work
Economic Growth Is the Best Tool to Lift Indians Out of Poverty
India Needs a Sustained Growth Rate of Over 10%
Economic growth raises incomes for all members of society, including the poor. Until 1991, India’s poverty rate remained unchanged at ~50%. Post reforms, poverty reduced from ~50% to ~20% with 35 crore (350 million) fewer people living in abject poverty. Since 2010, sustaining fast growth has been challenging as the easy gains have been realized. It is critical for India to maintain a growth rate of over 10% for long periods of time if we want Indians’ quality of life to improve rapidly and sustainably.
did you know
The Average Wage of Rural Labour
is ~Rs.8,500 per Month
In rural areas ~90% of workers are casual labour or self-employed, making on avg. Rs.8500 per month. In urban areas ~14% are casual labour, making on avg ~Rs.10,000 per month.
Over 20 Crore Indians Need Better Paying Jobs
10 Crore Farmers
Agriculture employs 43% of the workforce but contributes to only 16% of GDP. Nearly half the workforce can easily transition out of agriculture
8 Crore Women
Only 19% of women are a part of the paid labour force, down from 30% in 2005. The OECD average is ~50%. Simply reaching back to 30% would imply 8 crore additional jobs.
3 Crore Jobseekers
5.8% of the labour force is unemployed. ~70 lakh people enter the labour force each year
Opportunities for Fast & Sustained Growth
Focus Areas
CategoriesFocus Areas Lant Pritchett On Growth, Development & Income Inequality | Ep 9 | FED Dialogues
Our guest for October is one of the strongest proponents of countries striving for GDP growth as a means of improving…
CategoriesFocus Areas Ideas for Growth Ajay Shah On 4 Pillars Of Industrial Policy, And Why They’re All Bad | Ep 8 | FED Dialogues
Ajay Shah, economist extraordinaire and author of the finest primer on public policy in India – ‘In Service of the…
CategoriesFocus Areas Ideas for Growth Ashish Dhawan On ‘Equity’ In Philanthropy | Ep 7 | FED Dialogues
Our guest for this episode of FED Dialogues, a private equity investor turned philanthropist, has a neat analogy for how…
CategoriesFocus Areas Ideas for Growth Karthik Muralidharan Lays Out India’s Roadmap for Effective Governance | Ep 6 | FED Dialogues
Our guest for this episode of FED Dialogues, has just authored one of the most highly acclaimed books on India…
CategoriesFocus Areas Ideas for Growth Dr Naushad Forbes On Fulfilling India’s Economic Promise | Ep 5 | FED Dialogues
Growing up in a business household, Naushad Forbes read and heard about the gulf in living standards that separated countries…
Our Approach
We Identify High-Impact Growth Opportunities
We work closely with governments across a value chain of reform in industries like labour intensive exports, housing etc. Our work streams are divided into three areas.
Communications and Outreach
Turn opportunities into priorities
Building salience by communicating acts and potential opportunities to and engaging with key stakeholders like the policymakers, government officials, industry leaders and the media.
Research and Strategy
Turn priorities into roadmaps
Leverage research and data to find high-impact opportunities, identify and create potential solutions for barriers, and build clear solution roadmaps.
Implementation Support
Help turn roadmaps into reality.
Create Project Management Units (PMUs), interface with Industry to support anchor investment in growth areas, and provide monitoring and iteration support on reform effectiveness
Our Work
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This yearu2019s #GivingTuesday will be here before you know it. To help you prepare, GlobalGiving has put together a list of five #GivingTuesday campaign examples to serve as inspiration for your own #GivingTuesday campaign.
