#todayinsight: India’s economy is growing at an impressive 7.8%, but many Indians don’t seem to feel the benefits!

While some critics have questioned the reliability of the GDP figures, other indicators—including car sales, credit growth, and electricity consumption—suggest that the growth is real. The deeper issue is the gap between strong macroeconomic performance and people’s everyday experience.
The article draws an interesting parallel with the BJP’s 2004 “India Shining” campaign. At the time, strong economic growth created confidence within the government, but many voters felt they had been left behind.
The key takeaway: Strong GDP growth does not automatically translate into a broader sense of prosperity. For economic growth to be felt, it needs to become visible in household incomes, opportunities, public services, and everyday quality of life.
#globaleconomy #globaltrade
Source: The Economist