Sunday, April 16, 2017
Nouriel Roubini on the progress India has made
A disastrous tsunami is right in the face of Indians. From now on, for the next 20 years, every month 1 million additional youths reach working age. Right now only 9% are absorbed by the formal sector, 59 % stay in the rural villages. As these youths are not gainfully employed, in 20 years, it is the whole lost generation. The brutal reality for Indian rising.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics