'India Is Growing Fast, But...': Neelkanth Mishra On The Growth Reality
Why doesn't India's 7.8% GDP growth feel like 7.8% on the ground? In this conversation with NDTV Profit, World Bank Executive Director Neelkanth Mishra explains the gap between headline growth and everyday experience-from poor roads and pollution to jobs and wages. He argues that India is still a lower-middle-income economy with significant "slack" in the labour market, even as hard indicators such as car and two-wheeler sales, credit, cement, steel demand and investment point to a stronger economy. Mishra also explains why closing India's output gap will take time-and why sustained growth remains critical to improving living standards.
