Indian Business, Economic Development, and the Jobs Dilemma in the Twenty-first Century

This book examines the relationship between Indian business and economic development.The relationship, mediated by the state, is explored through the lens of business sectors to identify how they contribute to the different facets of economic development such as growth, exports, economic diversification, technology, and especially employment.Written in an accessible way, it surveys a range of industries and business sectors as part of India's quest for economic development as a late industrializer.Most of these business sectors generate development in some form, including some newer sectors such as e-commerce, digitalization, and green energy.However, critical as they might be for the foundation of a vibrant, modern economy, they are shown to be inadequate to make a dent in India's massive surplus labour.The paradox is that India's economy recently has been growing rapidly but has been unable to create enough decent jobs.Every year approximately 16 million new jobs must be created to a