‘Make in India’ is not enough: Sridhar Vembu says manufacturing alone cannot raise wages

Firstpost 17 h India

Zoho co-founder Sridhar Vembu has reignited an old debate over how India should climb the economic ladder. Responding to comments attributed to former RBI governor Raghuram Rajan, Vembu argues that manufacturing alone will not deliver higher wages unless India also builds companies that own intellectual property and capture more economic value.

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