Are we seeing an economic recovery?There is a big talk of the country moving forward. The ruling dispensation is happily dishing out figures that suggest that some economic recovery is around the corner.
However, if one were to read the other signals, the situation is rather grim. There is no respite from the fact that thousands have lost their jobs. Those who are somehow employed, now draw salaries that are far lesser than ever before. The Modi administration has been so happy to encourage entire armies of contract labour and even casual labour at all levels.
And then comes the vital question: how many regular jobs were created? Is the foreign direct investment picking up? Why is it that the Government is so slow on the so-called reforms?
We need big answers to such questions. And the menace of crony capitalism has to be addressed as well. So, can we talk about an economic revival, if at all there is one?
Members may please share their views based on some data.