In an insightful piece at Rediff, Crisil (chief economist) points out how the UPA government tends to trust direct redistribution schemes over market-based solutions, in attempts to solve India's labor problems. He argues that while political compulsions may necessitate direct schemes, such as The Rural Employment Guarantee and reservations for minorities, more needs to be done to actually solve India's labor problems. India, according to Crisil, direly needs a Human-Capital strategy that should be able to equip the youth with skills that are needed in India's marketplace. Supply should meet demand to avoid mismatches of skill or numbers.
See the entire article here:
http://ia.rediff.com/money/2006/jan/02guest.htm
No comments:
Post a Comment