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How can one verify the claims in 'India's fake growth story'?

2024-12-06 22:27
2024-12-06 23:45

One way is to look at independent economic research. There are many international research institutions that study the Indian economy without any political or local bias. For example, the World Bank or IMF reports can be compared with the official Indian economic data. If there are significant discrepancies, it could indicate issues with the growth story.

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You can also analyze the data at the grassroots level. Instead of just looking at the overall national GDP growth figures, study the economic conditions of small towns and villages. If the growth numbers are real, there should be visible improvements in basic amenities like electricity, water supply, and access to credit in these areas. Also, look at employment data closely. If the economy is growing, there should be a corresponding increase in quality jobs. But if the data shows a lot of underemployment or low - paying jobs, it might suggest that the growth is not as it seems.

Examining the data sources and collection methods is crucial. In India, some data might be collected from self - reporting by businesses, which can be unreliable. By cross - checking different data sources, such as government surveys, industry reports, and consumer data, one can get a more accurate picture. Also, comparing the growth trends over a long period of time and across different regions within India can help. If some regions show consistent lack of development while the national growth numbers look good, it raises questions about the authenticity of the growth story.

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