Job creation India’s biggest challenge: Singapore Deputy PM Tharman Shanmugaratnam

NEW DELHI: Singapore Deputy PM Tharman Shanmugaratnam has said India’s implementation of GST was impressive not only from economic but also political perspective.

“Building political support for good economics is impressive. How invisible money and corruption are being tackled in India is impressive,” he said at the Delhi Economics Conclave.

Shanmugaratnam added that the challenges in advanced and developing economies are similar, it’s just that the scale of India’s challenges is larger.

He said job creation is India’s biggest challenge and if the country does not make changes in the next 10 years, it will have a real problem in hand.

“Demographic dividend will become a deficit,” he cautioned, advising faster job creation and skill-based learning systems.