More than unemployment numbers, shrinkage in purchasing power worrying
Updated Sep 30, 2021 05:06 am
- With purchasing power going down significantly, rebooting the consumer-based structure is going to be a difficult task. All these assumptions need serious calculations based on government records, for which this survey is a step in the right direction.
- Unemployment, inflation, and corruption constitute the trifecta of India's political economy. Governments form and fall based on their performance on these key variables. The UPA government ran high consumer price inflation since 2007, topping out at nearly 12% in 2010. It also suffered an intense negative perception in terms of corruption. These two issues sank its fortune and paved the way for the NDA government in 2014.
local_offerTags: unemployment power
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