Raghuram Rajan and Rohit Lamba underline a policy need to focus on ‘high-skilled service’ and ‘service embedded into manufacturing’ as an economic model for India’s growth.
Rajan and Economist Rohit Lamba argue that India needs to overcome the ‘China fetish’ and carve a niche where its competency lies rather than vying for a pace in low-skilled manufacturing.
Former RBI governor Raghuram Rajan says India is doing fine on the monetary side but needs to undertake structural reforms with investment in human capital.
