Voice of America - VOA News on Nostr: Modi touts India's roaring economy as he seeks reelection, but many feel left behind ...
Modi touts India's roaring economy as he seeks reelection, but many feel left behind
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Narendra Modi, seeking a third term as prime minister, has made strides in transforming India's economy, with economic growth at 7% and the country's stock markets booming. However, there are concerns about high unemployment, persistent poverty, and the limited benefits of economic growth reaching the majority of India's population. While Modi's administration has implemented welfare programs and cash transfers to alleviate economic distress, critics argue that these measures are only temporary fixes and that investment in health and education is necessary to reduce inequality and provide a better future for the population. The opposition party, led by the Congress party, is focusing on the jobs crisis to challenge the ruling Bharatiya Janata Party's chances of securing a majority. The liberalization of India's economy in the 1990s has contributed to remarkable growth and poverty reduction, but has also widened the wealth gap. Modi defends the growing inequality, stating that wealth distribution is a gradual process and asking if everyone should be poor. Both the BJP and the Congress party have promised to create more employment through various sectors, but experts highlight the challenge of solving the long-standing issue of mass unemployment and underemployment in India.
#India #Economy #NarendraModi #Elections #Unemployment #Poverty #Inequality #WelfarePrograms #CashTransfers #CongressParty #BharatiyaJanataParty
https://www.voanews.com/a/modi-touts-india-s-roaring-economy-as-he-seeks-reelection-but-many-feel-left-behind/7638629.html
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Narendra Modi, seeking a third term as prime minister, has made strides in transforming India's economy, with economic growth at 7% and the country's stock markets booming. However, there are concerns about high unemployment, persistent poverty, and the limited benefits of economic growth reaching the majority of India's population. While Modi's administration has implemented welfare programs and cash transfers to alleviate economic distress, critics argue that these measures are only temporary fixes and that investment in health and education is necessary to reduce inequality and provide a better future for the population. The opposition party, led by the Congress party, is focusing on the jobs crisis to challenge the ruling Bharatiya Janata Party's chances of securing a majority. The liberalization of India's economy in the 1990s has contributed to remarkable growth and poverty reduction, but has also widened the wealth gap. Modi defends the growing inequality, stating that wealth distribution is a gradual process and asking if everyone should be poor. Both the BJP and the Congress party have promised to create more employment through various sectors, but experts highlight the challenge of solving the long-standing issue of mass unemployment and underemployment in India.
#India #Economy #NarendraModi #Elections #Unemployment #Poverty #Inequality #WelfarePrograms #CashTransfers #CongressParty #BharatiyaJanataParty
https://www.voanews.com/a/modi-touts-india-s-roaring-economy-as-he-seeks-reelection-but-many-feel-left-behind/7638629.html