When Will India  Reach The Lewis Turning Point?
Students watch a presentation in a computer numerical control (CNC) operator class during vocational training. About 5 percent of Indian workers have had formal skills training, compared with 96 percent in South Korea and 80 percent in Japan. (Photograph: Udit Kulshrestha/Bloomberg)

When Will India Reach The Lewis Turning Point?

One of the key advantages that a number of developing economies have is the low cost of labour. As an economy industrializes, surplus rural labour moves towards urban areas. Industry can employ the...
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