I broadly agree with RSJ on the medium term opportunities and risks for the Indian economy with a caveat. The quality of human resources in India is pretty poor outside of the top 20%. No country has achieved sustained economic and employment growth without solid, broad based public education and healthcare. On these parameters, India probably lags South Korea of the 70s, Taiwan of the 80s, China of the 90s, and Vietnam of 2010. In conversations with mid-sized manufacturing businesses, I was amazed by how CEOs consistently cribbed about a shortage of decent manpower in a country with 1.4 bn people. Sadly, we are showing no signs of tackling these very serious gaps; we seem all too happy with mediocre (but ok on a relative basis) growth and pretensions to being a vishwaguru.
Policy watch #1 was very insightful
I broadly agree with RSJ on the medium term opportunities and risks for the Indian economy with a caveat. The quality of human resources in India is pretty poor outside of the top 20%. No country has achieved sustained economic and employment growth without solid, broad based public education and healthcare. On these parameters, India probably lags South Korea of the 70s, Taiwan of the 80s, China of the 90s, and Vietnam of 2010. In conversations with mid-sized manufacturing businesses, I was amazed by how CEOs consistently cribbed about a shortage of decent manpower in a country with 1.4 bn people. Sadly, we are showing no signs of tackling these very serious gaps; we seem all too happy with mediocre (but ok on a relative basis) growth and pretensions to being a vishwaguru.