As I am going through completing first few modules on economic module chapters, there was this interesting topic on the growth stories of new kids on the world economic market namely China and India.
The aforementioned attributes were the major triggers behind the higher GDP growth of India presently, combined with their low cost labor hours.
However, With the low cost farmer labor hours moving to City limits and the rising wage powers at 20% increase per year, the question asked was the "Is this Growth Sustainable?".. or in other words, "What it takes to sustain the current growth story in India?"...
I am sure you have better ideas or read some good stories on it. share it if you can.. Let us see the details on what world Economists views this as issue of new management practices to do with, tomorrow!!
(Image source Courtesy: aima.org)
- While China has been Extensively intensive in their manufacturing focus with the efficiency and labor productivity, where as
- India said to have attributed to this for their vibrant young human capital on the goods and services on the Information Technology side and its dependent markets.
The aforementioned attributes were the major triggers behind the higher GDP growth of India presently, combined with their low cost labor hours.
However, With the low cost farmer labor hours moving to City limits and the rising wage powers at 20% increase per year, the question asked was the "Is this Growth Sustainable?".. or in other words, "What it takes to sustain the current growth story in India?"...
I am sure you have better ideas or read some good stories on it. share it if you can.. Let us see the details on what world Economists views this as issue of new management practices to do with, tomorrow!!
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