Day: January 30, 2004

Rajesh Jain writes on Indian outsourcing:

Outsourcing is good for India – but it will only provide a few million jobs at best. What’s also needed is for Indians to come up with innovations to raise the incomes of the rest of India – the 700 million in rural India. Only then will India will start to make the transition from an agricultural economy.

I agree that outsourcing is of limited value to the vast majority of Indians who cannot participate in it for obvious reasons. I also agree with Rajesh about the need for the transition from an agricultural economy. One reader, Nitin, commented on Rajesh’s blog and said: Continue reading “Agriculture and Development”