Why manufacturing has lagged in India
India’s manufacturing sector underperforms compared to China and South Korea, partly due to public sector wages that raise costs and reduce competitiveness; despite growth in private industries like software and services, India sees limited technological upgrading, uneven wage growth, and increasing inequality
India’s manufacturing sector underperforms compared to China and South Korea, partly due to public sector wages that raise costs and reduce competitiveness; despite growth in private industries like software and services, India sees limited technological upgrading, uneven wage growth, and increasing inequality
What's Your Reaction?
