✅Gs-3 : Inclusive growth-Before reading this present article, read these in the same order( Series of articles by Arun Maira )
🅾️Problems of Indian economy : Criticism of Raghuram Rajan's work
⚜️1. What is the primary challenge in India's economic structure-mismatch between skills, jobs, and incomes
⚜️2. Why have economic theories failed?-They overlook the essence of development which includes learning and skill acquisition they are developed by analyzing numbers rather than experiences.
⚜️3. Why does investing in 'adjacencies' in work and skills matter?-Investing in adjacencies—areas of work that are closely related to what people are already doing—can help workers climb the skill-income ladder more effectively.
🅾️ Suggestions
⚜️1. Shift from focusing on high-end services and large manufacturing to local webs of economic activity.
⚜️2. Increasing the masses' earning and purchasing power
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