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Jobs, competitiveness and happiness

India's rankings on global competitiveness indicators and the World Bank's ease of doing business have improved due to reforms like GST & IBC, but yet exports have been tepid and imports have surged

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Ajay Chhibber
The legendary Indian entrepreneur, J R D Tata said: “I don’t want India to be an economic superpower. I want it to be a happy country.”  

GDP growth at 7 per cent, if the numbers are correct, over the last decade places India among the fastest growing economies in the world. Christine Lagarde, the IMF chief, calls it India’s “sweet spot”. Life expectancy has risen and poverty — both relative and absolute — has declined.  Much faster poverty reduction has taken place in more backward regions and amongst lower castes and the Muslims — all groupings with higher poverty.

But this rapid
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Oct 30 2018 | 11:13 PM IST

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