Lack of mid-sized firms hampers India's job growth
India's economic expansion has failed to generate a sufficient number of stable jobs or widespread financial well-being for families. Economist Partha Chatterjee attributes this shortfall to a lack of efficient mid-sized businesses, along with regulatory hurdles that prevent scaling and limited availability of capital. He suggests that to convert overall economic growth into increased earnings, the country must prioritize better innovation, stronger institutions, improved skill sets, and more robust competition.
by shortkt.com✓