Country of 1.4 billion people can’t rely on service sector alone, need all growth engines to fire for jobs, says Harvard’s Ricardo Hausmann

India is witnessing remarkable success in the service sector that primarily employs high-skilled workers but the world’s most populous country that continuous to have a “surprisingly small” presence in global goods market compared to the size of the economy needs jobs for everyone, said Ricardo Hausmann, founder and Director of Harvard’s Growth Lab in an interview with The Indian Express.
He, however, believes that India is in the right by making major investments in infrastructure which has accelerated growth rates in some parts of the country such as Uttar Pradesh, where connectivity has improved enormously.
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