Opinion | The mounting challenges of a two-speed Indian economy4 min read 06 Mar 2019, 07:00 AM IST
The dualism of income stagnation in the farm sector and the rapid growth in rest of the private sector is our next big hurdle
The recovery from the demonetization shock of November 2016 has clearly been an uneven one. The latest estimates of Indian economic growth released by the government’s statistics office in the last week of February highlight the uncomfortable fact that India now has a two-speed economy. Agriculture is in the slow lane while the rest of the economy is moving ahead at a much quicker pace. The difference is even more stark when prices are considered in tandem with output.