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Tuesday, December 24, 2024 | 01:44 AM ISTEN Hindi

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How can India boost wages? By pushing for more, not less globalisation

Workers who are educated, urban and male tend to benefit more from the export gain, according to the study

India exports
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The US on Friday imposed up to 25% import tariff on 818 Chinese products. The move is set to affect around $34 billion worth of US imports

Bloomberg
India needs to ramp up exports if workers are to enjoy higher wages, according to a new report from the World Bank and the International Labor Organization.

While the link between exports and economic growth is widely accepted, the authors show how trade can help draw people out of the informal, or unregulated, economy and boost pay, thereby reducing poverty. They estimate that raising the value of India’s exports by $100 per worker would increase average annual wages by Rs 572 ($8) per person.

Nearly 10 million Indians enter the workforce every year in a country where almost 60 per cent of

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