In a recent interview, Dr Raghuram Rajan says we are getting only low paying manufacturing jobs in Tamil Nadu. He also opposes industrial policy at the national level. Let me explain the intrinsic con

Let us consider the iPhone factory in Tamil Nadu. It would take the average worker there about 5 months of work to afford the entry level iPhone. In China, it would take only 1 month of the same factory work. The work is the same. High paying jobs, which I agree — via @svembu

High-priority alert based on source significance and keyword relevance.