Politics and Government Politics and Government
Sun, December 1, 2024

At the root of slowdown: It's politics, stupid


Published on 2024-12-01 00:00:40 - Brian Stokes, N@N
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  • The murmurs and fears echoing in living rooms, bazaars and C-suites for weeks and months have come home to roost. All is clearly not well with the economy. On Friday, the ministry of statistics informed India that GDP growth in the July-September quarter,

The article from MSN discusses the political underpinnings of India's economic slowdown, attributing it to a mix of policy paralysis, political instability, and a lack of coherent economic strategy. It highlights how the frequent elections, both at the national and state levels, have led to a focus on populist measures rather than long-term economic reforms. The piece points out that the government's attention has been diverted towards managing political alliances and addressing immediate voter concerns rather than fostering an environment conducive to economic growth. Furthermore, it critiques the lack of significant progress in key areas like infrastructure development, job creation, and investment in human capital, which are essential for sustained economic development. The article suggests that without a shift in political priorities towards economic stability and growth, India's potential to become a global economic powerhouse remains stunted.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/at-the-root-of-slowdown-it-s-politics-stupid/ar-AA1v362U ]
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