In this article for Mint, Niranjan Rajadhyaksha, Executive Director, Artha Global, states that if the economic recovery after the pandemic has been driven by profits rather than wages, it will have profound consequences for the future direction of the Indian economy.

Excerpts below:
Official surveys of India’s labour force and factory sector confirm a trend identified in the pandemic’s early phase. Business earnings are outpacing what people earn. This is unhelpful for India’s economy at a time when consumer demand and capacity addition are both weak.

Read the full article here.

Image sourced from Mint.