Business StandardCenter·
India must make growth employment-intensive, not just fast: Ex-RBI chief
Sustaining economic growth of 7 per cent or more will require stronger private investment, labour-intensive manufacturing, better human capital and deeper integration into global value chains, former RBI Governor D Subbarao has said. Subbarao also said that the challenge is not merely to grow fast, but to make growth productive, employment-intensive and resilient. "India's 7.8 per cent growth in the first quarter suggests that the economy is more resilient than many expected...I am optimistic a…
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