Comments by "红火树 RedFireTree" (@firetree2007) on "PM Modi Latest News | India's Policy Is To Maintain Close Ties With All Countries, Says PM In Poland" video.

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  3. Under Modi, India is in the edge of total bankrupt, still dreaming to be a superpower, Harvard Business Review reported "Less than half of the 950 million working-age population is actually employed""Bleak as this statistic is, the reality is worse. According to the Periodic Labor Force Survey, some half of all those workers are self-employed, a category that includes “unpaid helpers in family enterprises,”___Harvard Business review, by Bhaskar Chakravorti July 19, 2024, Due to the lack of jobs in India it can negatively impact its economic growth rate: Lower purchasing power: When there are fewer jobs, people have less money to spend, which can lead to a decrease in consumer demand. Reduced productivity: Unemployment can make it harder for the economy to be productive. Increased government burden: Unemployment can increase the amount of money the government needs to spend. Limited investment and consumption: Unemployment can make it harder for people to invest and consume, which can slow economic growth. Poverty and income inequality: Unemployment can make poverty and income inequality worse. Social unrest: A high unemployment rate can lead to social unrest. According to McKinsey, if India doesn't improve its employment rates, it might not be able to achieve its goal of 7–8% annual GDP growth. This could also delay India's plans to become the world's third-largest economy by 2030. No jobs, means no income, no income means no consumption, 90% of rural spend only $64 per month, and 10% spend $21 a month.
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