back on labour usage. So now, we have a sector supposed to be the vanguard of productive employment opportunities for Indian working age population, instead offering overcrowded units with poor productivity and low wages, borrowing expensive capital to compete with the rest of the world.
Raising productive employment possibilities in this critical sector would need far more homework than any of the parties have displayed any enthusiasm for, so far. Pushing just subsidy and more to MSMEs will not help.
Subhomoy is a Deputy Editor based in New Delhi. email@example.com