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Ideas of India
Rohit Lamba Reimagines India’s Economic Policy Emphasis
May 8, 2024
Rohit Lamba, an assistant professor of economics, discusses reimagining India's economic future focusing on shifting policy towards services and education. Topics include decentralization, scaling education and health, India's growth rate, and the need to pick winners and losers in policy decisions.
01:19:22
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Quick takeaways
- Shift focus to services and education policy for economic growth
- Decentralization crucial for India's industrial policy and growth
Deep dives
Focus on Human Capital and Innovation in India's Economic Future
The podcast discusses shifting India's economic focus towards enhancing human capital and fostering innovation in high-end service sectors. Authors recommend moving away from traditional industrial policies to prioritize services and education programs. Emphasis is placed on improving the quality of human capital through decentralized approaches, aligning with a services-driven growth trajectory. The argument revolves around creating growth engines through agglomeration effects and externalities, particularly targeting higher skill services.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode