Key Issues in the Indian Economy, Business, Industry, and Corporate Sector
1. Post-Pandemic Recovery and Uneven Growth Overview : India’s economy roared back after the COVID-19 slump, with GDP growth hitting 8.4% in FY22 (2021-22) and 7.2% in FY23 (2022-23), fueled by pent-up demand and government stimulus. However, by FY24 (2023-24), growth moderated to around 6-7%, exposing an uneven recovery. Key Angles : Rural consumption lagged as agricultural distress persisted, while urban centers thrived with booming stock markets (Sensex crossed 80,000 in 2024) and a startup frenzy. Journalists like Sucheta Dalal highlighted how this disparity masked deeper vulnerabilities, such as declining household savings and rising debt. Narrative Hook : “Boom for Some, Bust for Others” – How India’s recovery left millions behind despite headline growth. 2. Inflation: The Silent Tax on the Common Man Overview : Inflation surged from 5.5% in 2021 to over 7% in 2022, peaking at times due to global supply shocks (Ukraine war) and domestic food price volatility. Even as it e...