Get In Touch

India is now the 4th-largest economy—but here’s who’s really benefitting.

    Share on

India's recent achievement of becoming the world's fourth-largest economy, with a nominal GDP of $4.187 trillion, marks a significant milestone. However, this economic ascent is accompanied by a pronounced K-shaped growth pattern, highlighting increasing disparities between different segments of the population.

The K-shaped recovery indicates that while certain sectors and demographics are experiencing rapid growth and prosperity, others are facing stagnation or decline. For instance, urban and technologically advanced industries have seen substantial gains, whereas rural areas and informal sectors continue to grapple with economic challenges. This divergence has led to heightened income inequality, with the top 1% of earners capturing a disproportionate share of the nation's wealth.

Despite the overall economic growth, issues such as unemployment and underemployment persist, particularly among the youth and in rural regions. The lack of inclusive growth strategies has resulted in many citizens not reaping the benefits of the nation's expanding economy. Addressing these disparities is crucial for sustainable development and social cohesion.

Share:

Post a comment

Your email address will not be published. Required fields are marked *

India-Taliban Talks in Dubai: A Diplomatic Shift in Bilateral Relations

India-Taliban Talks in Dubai: A Diplomatic Shift in Bilateral Relations

India's Foreign Secretary Vikram Misri met Taliban's acting Foreign Minister Amir Khan Muttaqi in Dubai...
Kangana Ranaut Invites Priyanka Gandhi to Watch her movie "Emergency"

Kangana Ranaut Invites Priyanka Gandhi to Watch her movie "Emergency"

Kangana Ranaut invited Priyanka Gandhi to watch Emergency, her film portraying Indira Gandhi. Kangana emphasized...
India Extends Sheikh Hasina’s Visa as Bangladesh Seeks Extradition

India Extends Sheikh Hasina’s Visa as Bangladesh Seeks Extradition

India extended Sheikh Hasina's visa amidst Bangladesh's extradition demands, sparking diplomatic challenges. Accused of violence...
Why is Canadian PM Justin Trudeau expected to resign amid Khalistani unrest?

Why is Canadian PM Justin Trudeau expected to resign amid...

Canadian Prime Minister Justin Trudeau is expected to resign as Liberal Party leader amid internal...
SHOCKING! Attack on India's Foreign Minister in London! Watch Video

SHOCKING! Attack on India's Foreign Minister in London! Watch Video

In a shocking incident, External Affairs Minister S. Jaishankar faced an attempted attack by Khalistani...
Has PIL turned into a tool for money and publicity?

Has PIL turned into a tool for money and publicity?

Is justice being misused? The Supreme Court warns that Public Interest Litigations (PILs) are now...

Login

Don’t you have an account ?

Register