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'India's biggest asset: A large pool of skilled people'
August 30, 2007
Why would India benefit against these odds, one wonders. Jhunjhunwala cited the following reasons:
A large pool of skilled people,
Favourable demographics,
Domestic consumption-led growth,
Increased productivity.
Corporate sector growing faster than the unorganized sector.
The withdrawal of reservations for small scale industry may result in the closing down of small firms, but it will also benefit the larger companies.
Text, courtesy: RARE Enterprises and Shailesh J Mehta School of Management, IIT, Bombay
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