Raghuram Rajan Interview: Is manufacturing enough to absorb India’s massive youth workforce? In an exclusive conversation with ET Now, former RBI Governor Raghuram Rajan underlined a services-led growth model, one that focuses on moderate-skilled jobs like construction, plumbing, healthcare support and AI-enabled services. While manufacturing still has a role, global protectionism and China’s scale make it harder. The future may lie in embracing AI and upgrading skills to create jobs at scale.
