Context: India’s rapid economic growth has not been matched by adequate job creation, wage growth, private investment and productivity gains, raising concerns about a possible middle-income, low-productivity trap.The challenge extends beyond external...

ContextIndia enters its next employment decade after expanding infrastructure, formalisation, financial inclusion, skilling and entrepreneurship.RBI’s KLEMS productivity database estimates employment rose from 47.15 crore in 2014–15 to 64.33 crore in...