Despite expected robust growth of 6.5%, unemployment remains a pressing issue for India, according to Reuters’ economists. With a large young population, job creation lags behind, exacerbating concerns even as the BJP government promises more employment opportunities. While recent capital expenditure boosts economic growth, the unemployment rate persists, with 7.6% reported in March. Economists foresee growth continuing but warn of fiscal constraints. Despite inflation forecasts of 4.5%, concerns linger, with many economists predicting higher rates. Despite optimism for growth, the challenge of unemployment casts a shadow over India’s economic outlook post-election.
Unemployment Looms as India’s Top Economic Concern Post-Election
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