India needs more jobs than it is creating. Without enough job creation, its demographic dividend—adding a million people to the workforce every month—will become a disaster. One possible source of job creation is entrepreneurship. Recently, Ejaz Ghani, William Kerr and Stephen O’Connell (GKO) have been systematically exploring this hypothesis for India, in several research articles. What do we learn from their work?
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Tuesday, November 29, 2011
How Competitive is India?
The latest Global Competitiveness Report of the World Economic Forum ranks India 56 out of 142 countries. This is a much better rank than India gets on the UN Human Development Index or the World Bank’s Ease of Doing Business Index. Is this a good sign about the country’s future growth potential? Probably not.
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