The quality of jobs being created in India is another challenge, the economists said. An analysis of the official data showed about 46% of the workforce is still employed in agriculture, even though the sector contributes less than 20% to gross domestic product.
Valuations attractive, but clarity critical for HDFC Bank rebound: Aditya Shah
HDFC Bank is under intense investor scrutiny due to leadership changes and boardroom disagreements. This situation adds to existing concerns about growth and margins. While