Business Standard

Economic Survey 2020: Jobs as an outcome of an exports strategy

The Survey does not address the problem of jobs comprehensively. Volume I does not use any data on jobs at all


Mahesh Vyas
The Economic Survey suggests that India can grow jobs by strategically focusing on exports. It suggests integrating a “Assemble in India” with the “Make in India” scheme. The suggestion draws entirely from China’s experience and further suggests that India should leverage China’s losing attractiveness as a production centre. US-China trade war is leading to major adjustments in global value chains and India should exploit these to its advantage.

The Survey analyses India’s export performance vis-a-vis China and finds that India has gained an advantage in relatively low and middle income countries at the cost of losing bigger markets in richer
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Jan 31 2020 | 10:13 PM IST

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