When Will We See a Wal-Mart in Mumbai?

The transcript discusses the evolving relationship between capital and labor, emphasizing the importance of effective labor policies to support capital investments. It highlights India's investment climate under new leadership, focusing on trade liberalization and challenges in retail investment due to political dynamics. The discussion also covers strategies for job creation through labor-intensive investments, comparing capital and labor-intensive industries. Finally, it addresses the impact of the caste system on the labor market and urbanization, suggesting that urbanization helps dissolve caste-related barriers.

What is the significance of labor-intensive investments in India's economy?

How does the text describe the impact of the caste system on the labor market?

In what ways does urbanization affect the caste system in India?