Category: Skills
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India’s Demographic Dividend for Sustainable Growth
India’s population dynamics present both an opportunity and a challenge. As the share of the working-age population continues to grow, the country is positioned for a potential demographic dividend—a period of accelerated economic growth driven by an increase in the workforce. However, unlocking this potential requires strategic investments in job…
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India’s Economic Challenges: Insights on NPAs, Growth, and Job Creation
India’s economic landscape is often like an iceberg—what lies beneath the surface can be more problematic than what is visible. This analogy aptly applies to the issue of Non-Performing Assets (NPAs), economic growth trends, and job creation. While surface-level metrics like GDP growth rates and bank performance might provide a…
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The Growing Debate on 90-Hour Work Weeks: A Marxist Perspective on Surplus Labor
In recent years, a controversial opinion has surfaced among some Indian industrialists advocating for an increase in the working hours for white-collar jobs to as high as 90 hours per week. While this proposal is framed as a means to enhance productivity and economic growth, it raises critical ethical, economic,…
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The Real Edge of China: It’s Not Just Cheap Labor – It’s Skilled Labor at Scale
For decades, the global narrative around China’s economic rise has centered around the idea of cheap labor. Western businesses, policymakers, and economists have often attributed China’s dominance in manufacturing and export-led growth to its low-cost workforce. However, while competitive wages may have played a role initially, this perspective oversimplifies the…
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Regional Economic Disparities in India-Reforms Part IV
In recent years, the complexity and rigidity of bureaucratic processes have increasingly impacted governance and economic efficiency in India. Persistent administrative hurdles, even in routine functions, often result in unintended disruptions, such as officials unable to travel for urgent work due to last-minute flight cancellations tied to delayed permissions. While…
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How Artificial Intelligence Can Shape a Better Workforce in the Services and Manufacturing Sectors
In the era of rapid technological advancements, artificial intelligence (AI) is not just a futuristic concept but an essential part of global economies. AI’s potential to enhance productivity, streamline operations, and drive innovation is unparalleled, especially within the services and manufacturing sectors. By reimagining the traditional workplace, AI is revolutionizing…
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Labor Shortages: A Growing Challenge in the Global Manufacturing Sector
The global manufacturing sector is at a critical crossroads, with labor shortages increasingly becoming a significant bottleneck. As industries strive to ramp up production capacities and integrate new technologies, the lack of skilled labor presents a pressing challenge. This shortage impacts production timelines, innovation adoption, and ultimately, economic growth. Addressing…
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Why the China Plus Strategy Hasn’t Strongly Boosted the Indian Economy
The China Plus strategy, initially seen as a potential game-changer for India, has yet to deliver the anticipated economic benefits. While many countries and companies have aimed to diversify their supply chains away from China due to geopolitical tensions, trade imbalances, and pandemic-induced disruptions, India’s economy hasn’t seen the substantial…
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