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Podcast: Moneylife News Bites
Episode: Trickling Down to Viksit Bharat
Description: Debashis Basu explores the hopes pinned on India's future under Narendra Modi's leadership, aiming for a developed nation. He questions the effectiveness of traditional progress indicators, highlighting slow per capita income growth and ongoing rural challenges. Despite government spending, job growth remains insufficient and benefits aren't reaching the grassroots level. The video emphasises the need to address unemployment, income inequality and corruption to prevent social unrest. He concludes by questioning the feasibility of relying solely on trickle-down economics for India's development. Hosted on Acast. See acast.com/privacy for more information.