'Budget's Jobs Thrust is Cosmetic, Big Companies Can't Be Depended on to Solve This': Rathin Roy

Name: Budgets Jobs Thrust is Cosmetic, Big Companies Cant Be Depended on to Solve This: Rathin Roy - The Wire
Uploaded: 2024-07-24T12:02:36+05:30
Channel: The Wire
Description: 'A simple calculation of 7% GDP growth until 2047 makes it clear we won't get there.'

'A simple calculation of 7% GDP growth until 2047 makes it clear we won't get there.'

M.K. Venu

'A simple calculation of 7% GDP growth until 2047 makes it clear we won't get there.'

budget s jobs thrust is cosmetic big companies can t be depended on to solve this rathin roy

Development economist and former member of PM's Economics Advisory Council Rathin Roy says 6.5 to 7% growth is not enough to propel India to a high income (Viksit Bharat) country.

A simple calculation of 7% GDP growth until 2047 makes it clear we won't get there. There is every sign India is likely to remain in a middle income trap with the distorted policies being pursued currently.

He argues there is every incentive within Sangh Parivar to efficiently achieve ideological goals. The same efficiency and commitment is not there to achieve real economic prosperity.

This article went live on July twenty-fourth, two thousand twenty four, at two minutes past twelve at noon.

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