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People can’t spend money they don’t have. For consumption in rural India to pick up, wages and incomes will have to improve, if not double
Few days back, India became the 5th largest economy in the world. But the talking point was another incidental point in the process. Bloomberg News
The demand for equitable access to quality education and healthcare should complement agriculture reforms in the country.
Cash transfers and a price stabilization fund could give farmers a safety net for a broad market shift
No doubt the fiscal space available to the government is limited, but it must not ignore that the informal sector and the rural areas have been hit hard due to the COVID-19 pandemic.