Railway's privatization...

No organisation can survive without right skills to produce and market its product... Even our PM believes in the skills-shortage and economists under-scores his vision... Firms, especially the Indian one’s, have not much scope but to employ unskilled and give them on job training... That is how they are running since inception... but, now firms are demanding skill-ready employees from the government so that they do not have to spend time and money to get them job ready... Skills are also important for productivity, wages/incomes, demand, production, employment and growth... Therefore, any policy, even FDI, if leads to these conditions within the domestic economy should be promoted... Moreover, the long-run assumption that labour-supply is fully elastic on the natural or subsistence-wages/incomes is not valid and the evidence of the Indian-economy points that the economy easily starts overheating which is actually very good for wages and income... Weak bargaining power of labour and inflation is responsible for the natural-rate or the subsistence theory...  Moreover, more firms relative to the labour-supply will certainly push wages and income, and will lead to more demand and growth... Therefore, if we have to breach the subsistence-wages-trap, either Unions should be empowered to bargain or at best inflation or prices must go down...