India’s prosperity problem: Public finances now compensate the majority for economic insecurity, regardless of growth - The Economic Times

India has significantly reduced extreme poverty, achieving a major development goal. However, recent economic growth has not broadly benefited the majority of its population. Many citizens now depend on government subsidies for basic necessities and services. This situation persists despite the country experiencing rapid economic expansion. The educated youth also face stagnant wages, contributing to widespread economic depression.

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