Raghuram Rajan's Opinion on India's Development Status by 2047

Tuesday, 26 March 2024, 09:46

Former RBI Governor Raghuram Rajan debunked the notion of India achieving developed country status by 2047. He emphasized the need to focus on enhancing workforce employability and generating employment opportunities.

Raghuram Rajan's Insight

Raghuram Rajan, the renowned economist, dismissed the idea of India becoming a developed country by 2047 as unrealistic.

Key Points:

  • Workforce Employability: Rajan highlighted the importance of enhancing the workforce's skill set to meet industry demands.
  • Job Creation: He emphasized the critical need for creating job opportunities for the current workforce in India.

In conclusion, Rajan's stance reflects the immediate need for structural reforms in India's labor market to drive sustainable economic growth.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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