The way out of the dangerous trap
India risks a middle-income, low-productivity trap as weak job creation, stagnant wages and sluggish investment reinforce one another; escaping it requires better vocational education, wider diffusion of technology…
Attributed summary
India risks a middle-income, low-productivity trap as weak job creation, stagnant wages and sluggish investment reinforce one another; escaping it requires better vocational education, wider diffusion of technology and useful knowledge, and greater social value for skilled work
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