India Growing Rapidly, Yet Youth Restlessness and General Pessimism Remains a Paradox
New Delhi, Oct. 31 -- An Uber driver says he works longer hours than before, yet takes home less money. After fuel, maintenance, loan instalments and the platform's deductions, little remains. His experience cannot establish how the entire economy is performing. But he asks a reasonable question: if India is growing rapidly, why is making a living becoming harder?
It brings to mind the title of Erma Bombeck's book: If Life Is a Bowl of Cherries, What Am I Doing in the Pits?
India's GDP grew at 7.8% during the April-June quarter, which is impressive. The International Monetary Fund, Reserve Bank of India and other agencies have revised growth estimates upwards for the whole year. Sustaining rapid growth amid international uncertainty is ...
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