We see more affluent youth going in for consumption, which is something that's very new for this part of the world.
More Quotes from Ifzal Ali:
Just look at the organized sector of the economy in a country such as India, which employs less than 10 percent of workforce, you are worrying about this when there is a multitude of people completely being bypassed.Ifzal Ali
Asia needs to make sure its demographic dividend doesn't turn out to be its biggest problem. All those people arriving at urban train stations could be a big plus or a big minus.
Ifzal Ali
Strengthening the inclusiveness of the growth process is a precondition to sustaining high growth rates.
Ifzal Ali
Rapid poverty reduction requires not only high rates of economic growth but also that the benefits of this growth be distributed more equitably.
Ifzal Ali
We are seeing a huge increase in all import bills. Some of them are beginning to feel pressure on the external balance of payments. Fiscal strains in India, Indonesia, Bangladesh are particularly huge.
Ifzal Ali
The outlines of an Asian employment crisis are already taking shape. Strong economic growth alone will not solve the region's problem.
Ifzal Ali
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