India's Future: It's About Jobs

27 Pages Posted: 30 Jan 2008

See all articles by Geoffrey N. Keim

Geoffrey N. Keim

University of Pennsylvania

Beth Anne Wilson

Board of Governors of the Federal Reserve System

Date Written: November 1, 2007

Abstract

Projections of sustained strong growth in India depend importantly on the utilization of the huge increase in India's working-age population projected over the next two decades. To date, however, India's economic growth has been concentrated in high-skill and capital-intensive sectors, and has not generated strong employment growth. In this paper, we highlight the tension between India's performance in output and employment, describe the characteristics of India's demographic dividend, and discuss impediments to India's shift away from agriculture.

Keywords: India, growth projections, employment

JEL Classification: E20, F00

Suggested Citation

Keim, Geoffrey N. and Wilson, Beth Anne, India's Future: It's About Jobs (November 1, 2007). FRB International Finance Discussion Paper No. 913, Available at SSRN: https://ssrn.com/abstract=1088740 or http://dx.doi.org/10.2139/ssrn.1088740

Geoffrey N. Keim (Contact Author)

University of Pennsylvania ( email )

Philadelphia, PA 19104
United States

Beth Anne Wilson

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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