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Wednesday, February 24, 2016

Feb 24, 2016 - Is there room in the budget for a big rural stimulus?

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
This article looks at the promise of the Indian middle class vs the reality, as well as the mandatory comparison to China. In 1990, we had fewer people earning less than $5000 per year (90%) than China (95%). In 2015, this number for India was 46%, while that for China was only 18.7%, demonstrating the success of the Chinese economic experiment. While India's prosperity has been like a flat pyramid slowly rising (all segments moving upwards), the Chinese top down growth model appears to have propped up a section of society directly into the middle class and upper middle class, giving the pyramid a bulge in the middle. With India's diversity and democracy pulling us one step behind for every 2 steps forward, a Chinese-style miracle appears unlikely - Comment

Is there room in the budget for a big rural stimulus?

Three questions can help understand whether the budget has enough wherewithal to provide a big rural stimulus




Complimentary Report :Convergence, Competition, Commotion- Insights from the Global C-suite Study - The CMO perspective
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