Jobs and growth: A way out

An important challenge facing the country is the lack of jobs and the relatively slow pace of economic growth. What we need is a fresh approach that takes care of both issues. At this stage, we can have urbanisation and real estate development as an engine of growth and job creation. Why and how?

Economic development tends to go hand in hand with urbanisation. And, the latter has been quite slow in India. It stands at 34 per cent (in China, it is nearly double at 65 per cent). So economic growth has been adversely affected in India. Now urbanisation requires