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

CategoriesElectronics Focus Areas

FED Dialogues Ep 2: With Banmali Agrawala

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

CategoriesFED Updates Focus Areas

FED Dialogues Ep 1: With Dr. Arvind Panagariya

Evidence tells us, unequivocally, that sustained economic growth is the best bet for poverty alleviation. But scepticism about growth remains embedded…

CategoriesFocus Areas Ideas for Growth

Worker Housing: Enabler for Large Scale Manufacturing

The Indian government aims to achieve USD 2 trillion total export by 2030, one trillion each in merchandise and services[1].…

CategoriesFocus Areas Ideas for Growth

Export Hurdles: Assessing the Limitations of Duty Drawbacks

Export-led economic growth has a proven track record of success. From the Asian Tigers in the 1960s to China more…

CategoriesElectronics Focus Areas Ideas for Growth

India’s Dilemma – Building Up Manufacturing or Soaring with Services?

Paving pathways for India’s labour force According to the PLFS report for 2021-22, the Indian worker population ratio for ages…

CategoriesFocus Areas Ideas for Growth

What the PLI scheme needs to succeed

The Indian government launched the Production Linked Incentive (PLI) in 2020, starting with the Large-Scale Electronics Manufacturing Sector. When launched,…

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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