Former RBI governor Raghuram Rajan criticizes India’s failure to capitalize on its democratic dividend, highlighting the need to enhance human capital and skill sets. Speaking at a conference on India’s economic advancement, Rajan underscores the nation’s struggle to leverage its demographic advantage for growth. He questions India’s allocation of billions towards chip manufacturing, advocating for a strategic focus on addressing underlying challenges across sectors. Rajan’s remarks underscore the urgency for holistic development to unlock India’s economic potential.
Raghuram Rajan: India’s Missed Opportunity with Democratic Dividend
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