Unlocking India’s Growth Potential

The Foundation for Economic Development aims to facilitate a sustained and broad-based growth rate of over 10% in India

Our Work

Economic Growth Is the Best Tool to Lift Indians Out of Poverty

India Needs a Sustained Growth Rate of Over 10%

Economic growth raises incomes for all members of society, including the poor.  Until 1991, India’s poverty rate remained unchanged at ~50%. Post reforms, poverty reduced from ~50% to ~20% with 35 crore (350 million) fewer people living in abject poverty. Since 2010, sustaining fast growth has been challenging as the easy gains have been realized. It is critical for India to maintain a growth rate of over 10% for long periods of time if we want Indians’ quality of life to improve rapidly and sustainably.

Background
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did you know

The Average Wage of Rural Labour
is ~Rs.8,500 per Month

In rural areas ~90% of workers are casual labour or self-employed, making on avg. Rs.8500 per month. In urban areas ~14% are casual labour, making on avg ~Rs.10,000 per month.

Over 20 Crore Indians Need Better Paying Jobs

10 Crore Farmers

Agriculture employs 43% of the workforce but contributes to only 16% of GDP. Nearly half the workforce can easily transition out of agriculture

8 Crore Women

Only 19% of women are a part of the paid labour force, down from 30% in 2005. The OECD average is ~50%. Simply reaching back to 30% would imply 8 crore additional jobs.

3 Crore Jobseekers

5.8% of the labour force is unemployed. ~70 lakh people enter the labour force each year

Opportunities for Fast & Sustained Growth

Focus Areas

CategoriesFocus Areas Ideas for Growth

Ashish Dhawan On ‘Equity’ In Philanthropy | Ep 7 | FED Dialogues

Our guest for this episode of FED Dialogues, a private equity investor turned philanthropist, has a neat analogy for how…

CategoriesFocus Areas Ideas for Growth

Karthik Muralidharan Lays Out India’s Roadmap for Effective Governance | Ep 6 | FED Dialogues

Our guest for this episode of FED Dialogues, has just authored one of the most highly acclaimed books on India…

CategoriesFocus Areas Ideas for Growth

Dr Naushad Forbes On Fulfilling India’s Economic Promise | Ep 5 | FED Dialogues

Growing up in a business household, Naushad Forbes read and heard about the gulf in living standards that separated countries…

CategoriesFocus Areas Ideas for Growth

Ravi Venkatesan On The Missing Entrepreneurial Drive In India’s MSMEs | Ep 4 | FED Dialogues

From classrooms to political rallies to multilateral summits, entrepreneurship is the buzzword being peppered liberally everywhere, and for good reason. It’s…

CategoriesFocus Areas Ideas for Growth

Gurcharan Das On ‘Selling’ Reforms; India Craving An Industrial Revolution | Ep 3 | FED Dialogues

It’s been over 30 years since India liberalised its economy. If it didn’t sink in then, it’s crystal clear today…

CategoriesElectronics Focus Areas

Banmali Agrawala On India’s Electronics Manufacturing Opportunity | Ep 2 | FED Dialogues

India is stepping up its ambitions of gaining global market share in labour-intensive manufacturing. The success we have seen in…

Our Approach

We Identify High-Impact Growth Opportunities

We work closely with governments across a value chain of reform in industries like labour intensive exports, housing etc. Our work streams are divided into three areas.

Communications and Outreach

Turn opportunities into priorities

Building salience by communicating acts and potential opportunities to and engaging with key stakeholders like the policymakers, government officials, industry leaders and the media.

Research and Strategy

Turn priorities into roadmaps

Leverage research and data to find high-impact opportunities, identify and create potential solutions for barriers, and build clear solution roadmaps.

Implementation Support

Help turn roadmaps into reality.

Create Project Management  Units (PMUs), interface with Industry to  support anchor investment in  growth areas, and provide monitoring and  iteration support on reform  effectiveness

Our Work

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