Mitra Speaks with Ideas of India Podcast on Economic Growth in India and Related Challenges

August 20, 2024

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Ideas of India

Devashish Mitra

Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, joined the Mercatus Center’s podcast “Ideas of India” to discuss India’s economic growth based on a paper he recently co-authored titled, “India's Development Policy Challenge.”

On the Podcast, Mitra says: “Technological change all over the world is benefiting India as well, I think. Technology hasn’t changed at this rapid pace in a long time. A lot of the technological change also is leading to more automation, more digitization, more capital deepening. It’s not clear that the growth that we get will automatically create jobs."

Mitra continues, “The challenge really is to create good high-paying jobs, high-quality jobs along with growth. I think we’ll get growth but I’m not sure that we’ll be able to absorb this addition to labor force that’s taking place every year, like 10 to 15 million people a year.”

Mitra was joined in the discussion by paper co-author University of British Columbia Prof. Amartya Lahiri.

Listen to the full podcast or read the transcript at the link above.