India, July 25 -- The first part of this series looked at official data on the intersection of education and employment in India and explained why the educated youth are angry about education not helping them get a good job and also why they are trying to pivot towards education that could help solve this crisis. This part will take the focus away from education to the larger economy, where jobs are to be generated.

The government must do all it can to defuse the current protests amicably, but resolving the larger employment crisis requires reinventing manufacturing as an engine of higher productivity, value addition and incomes for a large part of India's demographic dividend. A failure can turn this dividend into disaster.

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