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India's future: it's about jobs

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  • Geoffrey N. Keim
  • Beth Anne Wilson

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.

Suggested Citation

  • Geoffrey N. Keim & Beth Anne Wilson, 2007. "India's future: it's about jobs," International Finance Discussion Papers 913, Board of Governors of the Federal Reserve System (U.S.).
  • Handle: RePEc:fip:fedgif:913
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    References listed on IDEAS

    as
    1. Beth Anne Wilson & Geoffrey N Keim, 2006. "India and the Global Economy," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 41(1), pages 28-36, January.
    2. Francisco Alcalá & Antonio Ciccone, 2004. "Trade and Productivity," The Quarterly Journal of Economics, Oxford University Press, vol. 119(2), pages 613-646.
    3. World Bank, 2005. "India : Road Transport Service Efficiency Study," World Bank Other Operational Studies 8356, The World Bank.
    4. Allen, Franklin & Chakrabarti, Rajesh & De, Sankar & Qian, Jun “QJ” & Qian, Meijun, 2012. "Financing firms in India," Journal of Financial Intermediation, Elsevier, vol. 21(3), pages 409-445.
    5. Chand, Satish & Sne, Kunal, 2002. "Trade Liberalization and Productivity Growth: Evidence from Indian Manufacturing," Review of Development Economics, Wiley Blackwell, vol. 6(1), pages 120-132, February.
    6. 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.
    7. Xavier Giné & Robert Townsend & James Vickery, 2008. "Patterns of Rainfall Insurance Participation in Rural India," World Bank Economic Review, World Bank Group, vol. 22(3), pages 539-566, October.
    8. 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.
    9. Sonali Jain-Chandra & Ananthakrishnan Prasad, 2005. "The Impact on India of Trade Liberalization in the Textiles and Clothing Sector," IMF Working Papers 05/214, International Monetary Fund.
    10. Basu, Priya & Srivastava, Pradeep, 2005. "Scaling-up microfinance for India's rural poor," Policy Research Working Paper Series 3646, The World Bank.
    11. 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.
    12. 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.
    13. Barry Bosworth & Susan M. Collins, 2008. "Accounting for Growth: Comparing China and India," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 45-66, Winter.
    14. Dani Rodrik & Arvind Subramanian, 2004. "Why India Can Grow At 7 Percent a Year or More; Projections and Reflections," IMF Working Papers 04/118, International Monetary Fund.
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    Keywords

    Job creation ; Economic development - India;

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