4 min read.Updated: 01 Aug 2019, 10:45 PM ISTHimanshu
Stagnant wages and jobless growth are a recipe for political instability in the Indian countryside
Most indicators of the Indian economy in recent months confirm that it is slowing. There is also a consensus that the economic slowdown is largely a result of weakening demand, most notably in rural areas. While slowing demand has obviously affected the overall growth rate, it has also contributed to declining availability of jobs in an economy already struggling with the spectre of jobless growth.