This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction in FY21. The advance estimate released in February had pegged FY24 growth at 7.6%. Economists and government expect the high growth to continue though tepid private consumption remains a concern.
Stagnating wages in rural India are a distress signal of unequal economic growth
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I am seething with anger : A decade of stagnation in rural wages
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