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12min chapter
Raghuram Rajan on Blazing a New Path to India’s Development
IMF Podcasts
Revamping India's Manufacturing Landscape
This chapter explores India's Production Linked Incentive scheme and its effectiveness in attracting foreign investment while addressing essential structural challenges like the business environment and workforce quality. The discussion underscores the urgent need for labor-intensive manufacturing and coherent job creation strategies, along with improving human capital through targeted education and vocational training. It highlights practical approaches, such as structured apprenticeship programs, to bridge the skills gap and ensure meaningful employment for graduates.
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