‘Budget’s Jobs Thrust is Cosmetic, Big Companies Can’t Be Depended on to Solve This’: Rathin Roy

‘A simple calculation of 7% GDP growth until 2047 makes it clear we won’t get there.’

Development economist and former member of PM’s Economics Advisory Council Rathin Roy says 6.5 to 7% growth is not enough to propel India to a high income (Viksit Bharat) country.

A simple calculation of 7% GDP growth until 2047 makes it clear we won’t get there. There is every sign India is likely to remain in a middle income trap with the distorted policies being pursued currently.

He argues there is every incentive within Sangh Parivar to efficiently achieve ideological goals. The same efficiency and commitment is not there to achieve real economic prosperity.

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Author: M.K. Venu

M.K. Venu is a Founding Editor of The Wire. As an active economic and political writer, he has held leadership roles in newspapers such as The Economic Times, The Financial Express and The Hindu. He has written extensively on economic policy matters for over a quarter century after India opened up its economy in 1991. He wrote regular political economy columns on the edit pages of The Economic Times, Financial Express and Indian Express over the past two decades. He also hosted a regular political-economy discussion called ‘State of the Economy’ on the national public broadcast channel RSTV. He has also been invited by Parliamentary Committees to give his views on public policy matters. He is on Twitter @mkvenu1.