Easier to do business in India, jobs a worry: Nobel Laureate Paul Krugman

Nobel Laureate Paul Krugman on Saturday said India’s growth story could be derailed by a lack of jobs. While praising the country’s growth and improvement to the business climate, he said unemployment, inequality, corruption, and infrastructure bottlenecks still needed to be addressed.

“Lack of manufacturing could be a major hurdle as India doesn’t have the jobs,” he said.

The economist said India had made rapid progress but economic inequality in the country remained elusive.

He also said creation of employment was of utmost important to sustain the projected growth in demography and the lack of manufacturing could prove to be