3 min read.Updated: 02 Jan 2020, 11:54 PM ISTHimanshu
Most of our major schemes aimed at improving lives in rural India suffer from government apathy
The regular flow of data confirms our worst fears about the economy. With the index of industrial production (IIP) declining successively in September and August, there are serious concerns about jobs and incomes in the manufacturing sector. Construction has failed to recover too. Even service sector growth is a slowdown story once government expenditure is taken out. Private investment shows no sign of recovery and consumption continues to show a loss of pace. With exports also continuing their decline and signs emerging of rising inflation driven by food inflation, the task of reviving the economy is tougher than imagined.
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