Triumph or tragedy? — India’s demographic dilemmas
Financial Times
23-05-17 10:19
As India prepares to overtake Germany and Japan as the world's third-largest economy, the country's potential for growth is considered by different economists from opposing perspectives. Narendra Modi's pro-business government has invested in initiatives such as digitisation, whilst critics claim the country suffers from the underinvestment in human capital first outlined by Nehru, resulting in an economy that fails to produce enough jobs or skilled workers. Meanwhile, Whole Numbers and Half Truths by Rukmini S provides an empirical look at India's complex society, covering all aspects from consumption to employment and identifies underemployment as behind India's relatively low official jobless rate.