Is the Indian Economy a lone “bright spot”, or is the “spin” ahead of reality? What is the “true” state of India@75? A much-needed reality check!
Has the Indian Economy “turned the corner” with regards to the post-pandemic “recovery” gathering steam and most economic indicators in the “green”? Or is the “spin” around the growth prospects making us believe that “all is well” with the Indian Economy? If the former is true, why is the tag of the world’s “fastest-growing major economy” not translating to “real” job creation and the feeling of well-being by the masses? On the other hand, there are also signs that the Indian Economy is “out of the woods” as the many “green shoots” such as PMI (Purchasing Managers Index) and the Employment Rate picking up indicate a robust recovery. At the same time, the Rupee breaches new lows every day, straining the CAD (Current Account Deficit) when inflation erodes the real wealth of Indians.
So, there you are with the many “puzzles and contradictions” about the Indian Economy, making it difficult to analyze whether we are growing or recessionary. Moreover, the confusing and conflicting sets of economic data and…