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Trade Profile: India's Struggle to Create Jobs

May 23, 2017 | 09:30 GMT
Another 280 million people are projected to join India's workforce by 2050, making job creation a high priority for New Delhi. The already bustling services sector is likely the country's best bet for easing its demographic problems.
(Chandan Khanna/AFP/Getty Images)

As each country tries to find the best way to thrive in the global economy, it must consider its comparative advantages. Take Brazil, for example. Like many other countries in North and South America, Brazil has an abundance of land that it exploits efficiently through large, modern farms. Japan, on the other hand, is light on land but has a wealth of capital at its disposal. And India's biggest strength is its massive -- and growing -- labor pool. These disparate assets help determine not only a country's economic development but also its stance on trade....

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