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Meeting ID: 897 2326 4628 | Passcode: 20210712 |
| Abstract: Structural transformation—the transfer of workers from low-productivity to high-productivity sectors or activities—is a crucial pre-condition of modern economic growth. The speed at which structural transformation takes place differentiates successful countries from unsuccessful ones in economic development. The seminar addresses India’s experience with structural transformation. In spite of rapid economic growth, India is a structurally underdeveloped country. India is an outlier among developing countries in that, construction is the major source of jobs outside of agriculture, not manufacturing and services. Further, the implications of structural underdevelopment for India and what may explain India’s peculiar path of structural transformation will be discussed in detail. |