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The key to India's economic boom
The productivity push
The plan to invest Rs 30,000 crore (Rs 300 billion) or a whopping $6 billion on a nation-wide skill development programme focused on the youth of the country should enhance national productivity, even if one assumes a low efficiency of the spend.
Similarly, the plan to connect each and every one of the 600,000 odd-villages of the country to a broadband network within three years would yield productivity gains even if one takes into account the fact that many of these villages continue to be denied the most basic facilities like electricity and water.
There is also the odd chance that broadband connectivity would expedite the provision of other basic support infrastructure.
Image: Indian currency notes in a bank
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