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India's future: it's about jobs

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  • Geoffrey N. Keim
  • Beth Anne Wilson
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    Abstract

    Projections of sustained strong growth in India depend importantly on the utilization of the huge increase in India's working-age population projected over the next two decades. To date, however, India's economic growth has been concentrated in high-skill and capital-intensive sectors, and has not generated strong employment growth. In this paper, we highlight the tension between India's performance in output and employment, describe the characteristics of India's demographic dividend, and discuss impediments to India's shift away from agriculture.

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    Bibliographic Info

    Paper provided by Board of Governors of the Federal Reserve System (U.S.) in its series International Finance Discussion Papers with number 913.

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    Date of creation: 2007
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    Handle: RePEc:fip:fedgif:913

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    Keywords: Job creation ; Economic development - India;

    This paper has been announced in the following NEP Reports:

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    1. Beth Anne Wilson & Geoffrey N Keim, 2006. "India and the Global Economy," Business Economics, Palgrave Macmillan, vol. 41(1), pages 28-36, January.
    2. Allen, Franklin & Chakrabarti, Rajesh & De, Sankar & Qian, Jun & Qian, Meijun, 2006. "Financing firms in India," Policy Research Working Paper Series 3975, The World Bank.
    3. The World Bank,, 2007. "From Competition at Home to Competing Abroad: A Case Study of India's Horticulture," OUP Catalogue, Oxford University Press, number 9780195685930, September.
    4. Michael Kremer & Nazmul Chaudhury & F. Halsey Rogers & Karthik Muralidharan & Jeffrey Hammer, 2005. "Teacher Absence in India: A Snapshot," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 658-667, 04/05.
    5. Xavier Giné & Robert Townsend & James Vickery, 2007. "Patterns of rainfall insurance participation in rural India," Staff Reports 302, Federal Reserve Bank of New York.
    6. Barry Bosworth & Susan M. Collins, 2007. "Accounting for Growth: Comparing China and India," NBER Working Papers 12943, National Bureau of Economic Research, Inc.
    7. Satish Chand & Kunal Sen, 1996. "Trade Liberalization and Productivity Growth: Evidence from Indian Manufacturing," Departmental Working Papers 1996-11, The Australian National University, Arndt-Corden Department of Economics.
    8. Basu, Priya & Srivastava, Pradeep, 2005. "Scaling-up microfinance for India's rural poor," Policy Research Working Paper Series 3646, The World Bank.
    9. Francisco Alcalá & Antonio Ciccone, 2003. "Trade and Productivity," Working Papers 12, Barcelona Graduate School of Economics.
    10. Landes, Maurice R., 2004. "The Elephant Is Jogging: New Pressures for Abricultural Reform In India," Amber Waves, United States Department of Agriculture, Economic Research Service, February.
    11. World Bank, 2005. "India : Road Transport Service Efficiency Study," World Bank Other Operational Studies 8356, The World Bank.
    12. Abhijit V. Banerjee & Shawn Cole & Esther Duflo, 2004. "Banking Reform in India," India Policy Forum, Global Economy and Development Program, The Brookings Institution, vol. 1(1), pages 277-332.
    13. Sonali Jain-Chandra & A. Prasad, 2005. "The Impacton India of Trade Liberalization in the Textiles and Clothing Sector," IMF Working Papers 05/214, International Monetary Fund.
    14. Dani Rodrik & Arvind Subramanian, 2004. "Why India Can Grow At 7 Percent a Year or More," IMF Working Papers 04/118, International Monetary Fund.
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