 "economy, growth, gdp, coronavirus")
In my article last month (“Recovery: The long hard road ahead”, Business Standard, September 10) I had ended with the conclusion “average, medium-term growth higher than 3-5 per cent looks a bridge too far. The economic, social and strategic consequences will be profoundly negative”. By medium term I was referring to the five years beyond 2021-22. It is worth spending a little time speculating on the nature of these possible consequences.
On the economic side, the most worrisome dimension relates to employment and unemployment. Despite fairly high economic growth at nearly 7 per cent per year, India’s employment-unemployment profile had worsened
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
