The Arithmetic of Aspiration: Why India's employment question now turns on permanence
Jammu, June 17 -- When Sir Arthur Lewis set out in 1954 to explain how poor economies grow rich, he located the central drama of development not in the accumulation of capital, but in the migration of workers out of subsistence agriculture into the more remunerative occupations of industry and services, a transition he rightly anticipated would govern the prospects of every late-industrialising nation. India stands precisely at that crossing today, and the question before policymakers is not one of whether enough jobs exist, but the more demanding one of whether the economy can generate employment that is sufficient in number, formal in character, and durable enough to carry a young worker into a lifetime of rising productivity and security...
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