Where will growth of output and employment come from in the years ahead? In the last 15 years, services have been the main engine of overall economic growth. Perhaps inevitably, that engine has begun to sputter and may be hard to reactivate.

The prolonged neglect of manufacturing has to be swiftly reversed and supportive policies deployed. The recent rupee depreciation offers substantial encouragement to import substitution and exports. But to fully exploit these opportunities, it is vital to have supportive infrastructure, tax and labour market policies. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.