Hindustan Times | A self-harming stance on digital trade tariffs

India was at loggerheads with the developed nations and China at the World Trade Organization’s (WTO’s) 13th Ministerial Conference (MC-13) in Abu Dhabi earlier this year. India’s resistance to extending the moratorium on tariffs for digital trade was one point of divergence. This stance is counterproductive, and likely to hurt India’s most promising sector. Read the full article here.

There’s a jobs crisis. Acknowledge it

Every year, India’s annual Budget is elevated from a mundane accounting exercise to a statement of intent and priorities of the government at the helm. The Budget speech made by the finance minister (FM) is scrutinised to check how many times a particular sector, industry or policy issue is mentioned to gauge the government’s priorities and preferences. Jobs, by the way, was mentioned three times in the Budget speech this year.

In the speech, the FM mentioned there were initiatives in the pipeline that could create six million jobs over the next five years. That is, an average of 1.2 million jobs each year. While there is a minor sense of relief that the government is finally taking cognisance of the jobs problem (instead of relying on pakora wallahs), unfortunately, the overwhelming feeling is that of inadequacy. The vague pronouncement betrays the government’s lack of appreciation of the magnitude of the jobs problem.

Career Impact Bonds? Financing upskilling to fill the world’s vacancies

he developed world is aging as life expectancy rises and birth rates fall. India has a different problem. With 18 million Indians turning 18 every year and with over 100 million Indians being surplus in the agricultural sector, 20 million Indians will need jobs each year. In contrast, India creates less than two million jobs a year. Can active promotion of emigration of Indians to the developed world be a solution to this problem? Read the full article here.