"India is a unique case, a $4 trillion economy that remains poor," says former RBI Governor
- Former RBI Governor Raghuram Rajan said India is a unique case: a $4 trillion economy that remains poor.
- He said manufacturing jobs remain flat due to automation, protectionism, and competition from China and Vietnam.
- Rajan criticised industrial policies like PLI for lacking clear rationale, and opposed subsidising sectors like chip-making.
- He said India must invest in education, universities, and skill-upgrading to create moderate-skilled service jobs at scale.
Source: frontline.thehindu.com
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