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Showing posts from May 26, 2023

Future of Indian economy beyond 2023

Quite a lot has been reported about the growth in Indian economy by different rating agencies both at National and Interrnational levels..According to the latest data explained for the last quarter for 2022-23,  India emerged stronger from Pandemic than initially assumed with growth steady momentum which has been keeping revised thereafter.Exports increased probably due to the depreciated currency against the Dollar. But the question remains that if the economy is growing so fast, why it can't produce enough jobs?.This disconnect is probably result of India's uneven growth which is enjoyed and powered by the country's upper class. The growth is not shelling out enough jobs for the educated youth who enter workforce every year. Larger number of Indians have been going for informal sector where they have been badly effected by the inflation,especially in food prices. The disconnect is a result of uneven growth which Pandemic has dignified throwing millions of Indians into ext