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The Economic Times

Top News / The Economic Times

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Productivity growth in consumer services is powering Indias rise

Dani Rodrik highlights the relationship between ending poverty, boosting the global middle class, and addressing climate change. He emphasizes the importance of transitioning from manufacturing to services in the global economy. As digital technologies evolve, they enhance productivity in services and create equitable opportunities. The decline of the middle class threatens democracy, leading to political instability in many countries.

1 Oct 2026 11:30 pm