Posted by: Shiv Muttoo | March 7, 2013

We’ve Fixed the Economy


Responses

  1. Time for manufacturing using labor is being reduced due to automation. India is not immune to this reality:
    “From 2005 to 2010, the manufacturing sector averaged over 9 percent growth, but this was largely the result of increases in labor productivity. The number of manufacturing jobs actually fell from 56 million to 52 million. During this period, growth created some new jobs, thanks to the government’s rural employment scheme, which guarantees 100 days of paid employment a year. As a result, for the first time, in the period from 2005 to 2010 the number of people employed in agriculture declined, from 259 million people to 238 million.”
    http://latitude.blogs.nytimes.com/2012/08/03/indias-skilled-workers-left-behind/
    Left Behind in India

  2. India is heavily reliant on migrant remittances.

    It is amazing how big a role remittances plays in the Indian economy!

    http://www.thehindu.com/opinion/columns/Chandrasekhar/the-source-of-remittances/article3914038.ece
    The source of remittances

  3. The liquidity tap is creating a deluge! The presentations to FIIs have worked! All is well!


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