CategoriesFocus Areas Ideas for GrowthOur biggest imperative as a nation today is to create good jobs that would help our humungous workforce transition out of low-productivity and low-paid agricultural work. 46% of India’s workforce is engaged in agriculture, but the sector contributes just 18% to our GDP. Jobs in manufacturing and services are 3-6 times as productive. When it […]
CategoriesFocus Areas Ideas for GrowthOur guest for this episode of FED Dialogues, a private equity investor turned philanthropist, has a neat analogy for how he looks at philanthropy. He’s done the ‘debt’ part of his philanthropy – set up a world-class university where he can see the impact he’s creating. He’s now looking at more ‘equity’ opportunities in philanthropy. These […]
CategoriesFocus Areas Ideas for GrowthGrowing up in a business household, Naushad Forbes read and heard about the gulf in living standards that separated countries in the league of South Korea, from India. That gulf, which was non-existent at one point in time – India’s per capita GDP was the same as South Korea’s in 1960 and slightly higher than […]
CategoriesFocus Areas Ideas for GrowthFrom classrooms to political rallies to multilateral summits, entrepreneurship is the buzzword being peppered liberally everywhere, and for good reason. It’s the fulcrum of innovation, employment and wealth creation. And nothing breeds success like success! It takes a few to succeed, for a thousand more to strive for success. So, the flywheel keeps spinning. But are we […]
CategoriesElectronics Focus AreasIndia is stepping up its ambitions of gaining global market share in labour-intensive manufacturing. The success we have seen in electronics and smartphone assembly with the production-linked incentive or PLI scheme suggests that electronics manufacturing services (EMS) can be the perfect launchpad for achieving our goal of increasing the share of manufacturing from 13% to 25% […]
CategoriesFED Updates Focus AreasEvidence tells us, unequivocally, that sustained economic growth is the best bet for poverty alleviation. But scepticism about growth remains embedded in our discourse. In this episode, FED Director Rahul Ahluwalia talks to one of India’s most-renowned economists, first Vice-Chair of the NITI Aayog and Chair of the 16th Finance Commission, Dr. Arvind Panagariya. They discuss Dr. […]
CategoriesFocus Areas Ideas for GrowthThe Indian government aims to achieve USD 2 trillion total export by 2030, one trillion each in merchandise and services[1]. India also needs to create massive employment to tap into its underutilised workforce of ~12 crore people in the coming years[2]. In order to achieve these targets, we need to improve our manufacturing competitiveness and […]
CategoriesElectronics Focus Areas Ideas for GrowthPaving pathways for India’s labour force According to the PLFS report for 2021-22, the Indian worker population ratio for ages 15 and above is only 52.9%[1]. This is much lower compared to other countries, such as China (80%) and Japan (70%), during periods of rapid economic growth[2]. Further, 26.8% of the labour force is employed […]
CategoriesFocus Areas Ideas for GrowthThe Indian government launched the Production Linked Incentive (PLI) in 2020, starting with the Large-Scale Electronics Manufacturing Sector. When launched, it was heralded by the government as one of the major initiatives to increase the share of manufacturing in the country. However, the short-run results have been a bit of a mixed bag. Success appears […]
CategoriesFocus Areas Ideas for GrowthMSMEs are called the powerhouse of the Indian Economy. They contribute 27% to India’s GDP, provide over 11 crore jobs and contribute 45% to India’s exports. The 6.4 crore MSMEs embody the entrepreneurial spirit of India. But at the same time the MSME sector is often regarded as a symptom of India’s poor business environment, […]
