Not enough jobs, private investments missing: What’s wrong with the world’s fastest growing economy?
6 years, 2 months ago

Not enough jobs, private investments missing: What’s wrong with the world’s fastest growing economy?

Firstpost  

A report from rating agency CARE, released early this week, revealed that India’s employment scenario is not looking good. It said job growth in corporate India moderated to 3.8 percent in fiscal year 2018, from 4.2 percent in the previous fiscal and the problem is most severe with smaller companies. A decline in the job numbers would also give room to multiple questions–What happened to the famed start-up promotion Modi has been advocating from Day One, the Skill India campaign that intended to generate jobs, the numerous calls to foreign investors to put more money on the table on stalled projects to revive the economic momentum. The current situation, in a way, is reminiscent of UPA’s period of ‘jobless growth’ characterized by a phase of high GDP growth but with no corresponding job creation on the ground. The multiple economic headwinds even threaten to eat into Modi’s political points garnered through his early economic moves–demonetisation, success in generating political consensus for GST rollout and subsidy reforms.

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History of this topic

Stagnant wages amid fast economic growth: We need an Indian Enlightenment
2 days, 16 hours ago

Stagnant wages amid fast economic growth: We need an Indian Enlightenment

Live Mint  

India’s economic growth story has been impressive. Wage stagnation amid rising inflation: The disparity between India’s economic growth and stagnant wages is stark. Chief economic advisor V. Anantha Nageswaran warns that low wages could stifle India’s long-term potential by weakening consumer demand and the quality of life for millions. This is not the template for a ‘Viksit Bharat.’ The paradox …

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre
Trending News
1 month, 1 week ago

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre

Hindustan Times  

Leader of Opposition in the Lok Sabha, Rahul Gandhi on Sunday said that the India's Gross Domestic Product growth rate has fallen to its lowest in two years at 5.4 percent. Rahul Gandhi on Sunday said India's GDP growth has dropped to 5.4 percent, the lowest in two years. The thing is clear - the Indian economy cannot progress as …

IMF Sees India's Economic Growth and Outlook as Stable
2 months, 3 weeks ago

IMF Sees India's Economic Growth and Outlook as Stable

New Indian Express  

India remains the world's fastest-growing economy, with inflation expected to decline to 4.4% in FY24-25. IMF Director Krishna Srinivasan highlights the country's strong macroeconomic fundamentals, including a large and growing population, favourable harvests, and a stable fiscal situation. Srinivasan suggests that the country focus on creating jobs, removing trade restrictions, and investing in infrastructure and education to strengthen its economy …

2014-2024 has seen jobloss growth: Congress questions govt’s job creation claims
3 months, 2 weeks ago

2014-2024 has seen jobloss growth: Congress questions govt’s job creation claims

Hindustan Times  

The Congress on Monday questioned the government’s claims on job creation data, adding that no spin doctoring can take away from the fact that 2014-2024 has seen “jobloss” growth. Quoting the content of the report, Congress claimed that the current ruling dispensation equated the unpaid household to the work done by women as “employment” which is not a new job …

IT and textile sector labelled 'job destroyers,' significant decline in job growth in FY 2023-24: BoB report
4 months, 3 weeks ago

IT and textile sector labelled 'job destroyers,' significant decline in job growth in FY 2023-24: BoB report

Hindustan Times  

India Inc. saw a significant slowdown in employment growth, with an increase of just 1.5 per cent in FY24, compared to a 5.7 per cent rise in FY23, according to a report by Bank of Baroda. Job growth increased by just 1.5% in FY24, compared to a 5.7% rise in FY23, {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The report highlighted that only …

Job Creation Seems Better Than Before but What About Quality and Sustainability?
5 months, 1 week ago

Job Creation Seems Better Than Before but What About Quality and Sustainability?

The Quint  

India's job market landscape presents a complex narrative, characterised by both positive indicators and underlying anxieties. The Reserve Bank of India recently published 'Measuring Productivity at the Industry Level-The India KLEMS Database,' providing data on employment trends across 27 key industries in India. The database, spanning FY 1980-81 to 2022-23 aims to provide critical data points on economic output, worker …

India’s Modi focuses on jobs creation in first budget after winning polls
5 months, 3 weeks ago

India’s Modi focuses on jobs creation in first budget after winning polls

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s newly formed government presented an annual budget to Parliament that raises spending to generate more jobs and spur economic growth, while aiming to appease coalition partners it needs to stay in power. Modi said the budget will lead India toward “better growth and a bright future.” “Today’s budget will act as a …

In search of jobs: On the challenge of employment generation
5 months, 4 weeks ago

In search of jobs: On the challenge of employment generation

The Hindu  

Employment generation will remain a major challenge before the Narendra Modi government in its third term, and the upcoming Union Budget is expected to take note of it. The ILO’s India Employment Report had also warned that the share of manufacturing employment was stagnant, at around 12%-14% and the slow transition of jobs from agriculture to non agriculture reversed due …

Eight crore new jobs in last three to four years: PM Modi
6 months ago

Eight crore new jobs in last three to four years: PM Modi

The Hindu  

Prime Minister Narendra Modi on July 13 said that as per a report by the RBI, eight crore new jobs were made available in the country in the last three to four years. Mr. Modi was speaking at an event in Mumbai’s Goregaon suburb after launching and laying the foundation stone for ₹29,000 crore projects in road, railway and port …

Centre questions Citigroup’s report on employment in India
6 months ago

Centre questions Citigroup’s report on employment in India

The Hindu  

The Union Labour Ministry questioned the findings of a report prepared by the United States-based banking giant Citigroup and said the group failed to account for the “comprehensive and positive employment data” available from official sources such as the Periodic Labour Force Survey and the Reserve Bank of India’s capital, labour, energy, material and services data. The Citigroup’s report had …

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup
6 months, 1 week ago

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup

Hindustan Times  

India will struggle to create enough jobs for its growing workforce over the next decade even if the economy grows at a rapid pace of 7%, Citigroup Inc. said, suggesting the world’s most-populous nation will need more concerted steps to boost employment and skills. India will struggle to create enough jobs for its growing workforce over the next decade even …

HT Interview: ‘India will be the world’s third largest economy in Modi's 3rd term’, says FM Sitharaman
11 months, 1 week ago

HT Interview: ‘India will be the world’s third largest economy in Modi's 3rd term’, says FM Sitharaman

Hindustan Times  

Two days after presenting her sixth budget, an interim one ahead of the 2024 national elections this summer, Union finance minister Nirmala Sitharaman sat down with journalists from Hindustan Times and Mint to discuss various aspects of the interim budget, and the state of the economy. Criticising the United Progressive Alliance for wasting a decade, acknowledging the challenge of Covid-19, …

India’s jobs crisis, the macroeconomic reasons
1 year ago

India’s jobs crisis, the macroeconomic reasons

The Hindu  

There are many indications everywhere that India continues to be going through a jobs crisis. Employment growth rate is determined by the relative strength of two factors — the output growth rate and the labour productivity growth rate. If labour productivity growth rate does not change, higher output growth rate increases employment growth rate. On the other hand, if labour …

Government choices and policies have taken India's economy to new height: PM Modi
1 year, 1 month ago

Government choices and policies have taken India's economy to new height: PM Modi

Firstpost  

Modi said that their biggest priority should be people’s ease of living, and took a swipe at past governments saying they ignored the equality envisaged by B R Ambedkar, the key figure behind the Constitution, among all citizens Prime Minister Narendra Modi on Thursday said his government’s policies and decisions have taken the economy to a new height, creating immense …

Jobs for the young must be a key policy priority
1 year, 7 months ago

Jobs for the young must be a key policy priority

Hindustan Times  

Economic data published this week turned my attention to economics, economies, and the numbers or statistics that make up the raw material that economists study. But he found that mathematical calculations very often produced wrong results, so preferring to be, as he put it, roughly right rather than absolutely wrong, he joined the World Bank, There, he held senior positions …

Year in Review | Indian economy amid global headwinds
2 years ago

Year in Review | Indian economy amid global headwinds

The Hindu  

Multiple headwinds at varied points of time impacted the Indian economy’s thorough economic revival in the calendar year 2022. “India’s growth rates in real terms of 9.7% in the first half of this year is well above the trend in other countries and is happening amid tightening global financial conditions and the commodity price shock since the Ukraine invasion by …

DC Edit | PM’s jobs drive much needed
2 years, 2 months ago

DC Edit | PM’s jobs drive much needed

Deccan Chronicle  

Set to take its first step towards the declared target of creating, notifying and recruiting mission youth in government jobs, the Narendra Modi government has given the unemployed and under-employed youth, and their families, the best possible Diwali gift. The first tranche of 75,000 virtual job offers to fill a plethora of current public job vacancies is much needed and …

At 75, India seeks way forward in big but job-scarce economy
2 years, 5 months ago

At 75, India seeks way forward in big but job-scarce economy

Associated Press  

NEW DELHI — As India’s economy grew, the hum of factories turned the sleepy, dusty village of Manesar into a booming industrial hub, cranking out everything from cars and sinks to smartphones and tablets. If I live like this, how will my children live any better?” Entire families leave their homes in India’s vast rural hinterlands to camp at such …

Unemployment crisis in India is an invisible epidemic
2 years, 5 months ago

Unemployment crisis in India is an invisible epidemic

The Hindu  

Published : Jul 24, 2022 18:00 IST Shalini Ghosh runs a fairly popular boutique chain selling ethnic garments and gift items from West Bengal. Going by the CMIE statistics, one State that has witnessed a high level of unemployment among graduates is Bihar, with 34.2 per cent of its graduate workforce without a job. Speaking to Frontline, Jawhar Sircar, a …

'Misled, betrayed, cheated': Rahul Gandhi's dig at PM Modi over unemployment
2 years, 6 months ago

'Misled, betrayed, cheated': Rahul Gandhi's dig at PM Modi over unemployment

India TV News  

Congress leader Rahul Gandhi on Friday attacked Prime Minister Narendra Modi over the issue of joblessness, asking if India's unemployed youth can use "unparliamentary" words -- misled, betrayed and cheated -- "for your lies" of providing two crore jobs every year. The graph showed the percentage of unemployment in the last five years with the poser: "Where are the 2 …

Waiting for jobs: The Hindu Editorial on the Narendra Modi government’s plan to recruit 10 lakh personnel in 18 months
2 years, 6 months ago

Waiting for jobs: The Hindu Editorial on the Narendra Modi government’s plan to recruit 10 lakh personnel in 18 months

The Hindu  

For a nation that has had a significant demographic dividend — the working age population is much larger than the non-working age sections — finding productive employment for its youth was to be an imperative for India. Yet, in the last few years, unemployment has remained a major concern — the leaked Periodic Labour Force Survey in 2018 revealed that …

Will PM Modi's 'one million job' drive help ease the employment crisis?
2 years, 7 months ago

Will PM Modi's 'one million job' drive help ease the employment crisis?

Business Standard  

Battered by demonetisation, pandemic and subsequent lockdowns, the Indian economy has started showing some signs of revival now. And amid these hopeful and gloomy numbers, Prime Minister Narendra Modi on Tuesday announced to give central government jobs to 1 million people in the next year and a half. If we were to assume that state employment is four times that …

What forced PM Modi's jobs push now
2 years, 7 months ago

What forced PM Modi's jobs push now

India Today  

Prime Minister Narendra Modi has reviewed the status of human resources in all central government ministries and departments and ordered the recruitment of 10 lakh people in a mission mode in the next 18 months,” the PM's Office said in a tweet on Tuesday. — PMO India June 14, 2022 Tuesday’s tweet from the PMO follows protests by frustrated job …

Joblessness on the rise in India
2 years, 8 months ago

Joblessness on the rise in India

The Hindu  

After many years of refusing to recognise there is a jobs crisis in India, the government of India, faced with relentless data to the contrary, has now resorted to misinformation. As compared to the 8% per annum GDP growth in the period 2004-14, and 7.5 million new non-farm jobs created each year over 2005 to 2012, the number of new …

The era of an unemployed India
2 years, 9 months ago

The era of an unemployed India

The Hindu  

Reports on and the visuals of the recent agitations by railway job applicants reveal a widespread problem of massive job insecurity among India’s youth. One such index is the downward pressure unleashed by the influx of overqualified youth aspiring for middle and lower rung government jobs, which, despite their modest pay, are highly coveted given the greater job security ascribed …

Explained: Why India's economy needs a manufacturing push
3 years, 4 months ago

Explained: Why India's economy needs a manufacturing push

India Today  

India’s economy needs a strong manufacturing push as the nation’s dominant services sector struggles to return to normalcy after two deadly waves of the Covid-19 pandemic. Read | Covid-19: India’s services activity in May contracts for 1st time in 8 months SLOW PROGRESS IN MANUFACTURING Even before the pandemic brought the economy to a standstill in 2020, growth in India’s …

Not Govt's Job to Create Jobs, Private Sector Has To Do Its Bit: Former NITI Aayog VC Arvind Pangariya
3 years, 11 months ago

Not Govt's Job to Create Jobs, Private Sector Has To Do Its Bit: Former NITI Aayog VC Arvind Pangariya

News 18  

Indian-American economist and former NITI Aayog vice chairman Arvind Pangariya says that while privatisation invites skepticism, the Centre’s focus on it now is of the same magnitude as that of the government of India in 1992. Edited excerpts from the interview: Q: Many economic and market experts were saying that so far the successive budgets by the BJP-led NDA government …

India's jobless growth, coronavirus impact and rising unemployment
4 years, 4 months ago

India's jobless growth, coronavirus impact and rising unemployment

India Today  

When India’s growth was blooming in 2016-17, it earned the tag of the fastest-growing major economy in the world. READ | Welcome to Jobless Growth: Why India is facing an unemployment crisis They warned that the rate of jobless growth could severely impact India’s economy which depends heavily on the middle class population, engaged primarily in salaried jobs and entrepreneurship. …

Rahul Urges Govt to Implement NYAY, Protect Small and Medium Businesses, Stop Privatisation
4 years, 4 months ago

Rahul Urges Govt to Implement NYAY, Protect Small and Medium Businesses, Stop Privatisation

News 18  

New Delhi: The Congress on Thursday demanded jobs and relief for the youth amid the alleged rise in unemployment with Rahul Gandhi urging the Modi government to transfer money directly in the bank accounts of the poor, protect small and medium businesses and stop privatisation. In an earlier tweet, Gandhi alleged that the policies of the Centre have caused loss …

India needs to create 90 million jobs by 2030 to avoid economic stagnation
4 years, 4 months ago

India needs to create 90 million jobs by 2030 to avoid economic stagnation

Deccan Chronicle  

Chennai: India’s GDP would have to grow by 8 to 8.5 per cent annually and the country would have to create jobs for 90 million workers by 2030. Over the decade to 2030, 60 million new workers are likely to enter the workforce as per current demographic trends, and an additional 30 million workers could move from farm work to …

For India’s formal job market, worst seems over, says staffing firm
4 years, 7 months ago

For India’s formal job market, worst seems over, says staffing firm

Live Mint  

India’s unemployment rate has probably peaked with large companies looking to restart hiring as the economy gradually exits the world’s biggest lockdown, says the head of a top staffing firm. “I can see the bend in the road, and the bounce back in hiring in sectors like financial services, health care, and last-mile logistics will be sharper.” The outlook from …

Opinion | Our economy needs ‘hard work’ as much as ‘Harvard’
5 years ago

Opinion | Our economy needs ‘hard work’ as much as ‘Harvard’

Live Mint  

With India’s gross domestic product growth slumping to 4.5%, concerns have arisen over how to grow the economy faster. This has reduced public confidence in the state’s institutions, which has deeper ramifications for the economy’s sustainable development than a growth dip. India’s leaders must choose a few things to do, do them well, and only then move on to other …

India braces for shock GDP as Modi scrambles to spur economy
5 years, 1 month ago

India braces for shock GDP as Modi scrambles to spur economy

Live Mint  

New Delhi: Explore what’s moving the global economy in the new season of the Stephanomics podcast. “Domestic demand is displaying chronic weakness, with an apparent credit crunch afflicting wide swaths of the economy,” said Taimur Baig, chief economist at DBS Group Holdings Ltd. in Singapore. “Production and sales are under pressure, and public spending is running out of room due …

Media persons say ’we can’t show truth because we’ll lose our jobs’: Rahul
5 years, 2 months ago

Media persons say ’we can’t show truth because we’ll lose our jobs’: Rahul

Live Mint  

Mahendragarh: Congress leader Rahul Gandhi on Friday launched a scathing attack on Prime Minister Narendra Modi, saying he has no understanding of the economy, and claimed that the world is mocking India due to the BJP's politics of pitting people against each other. "Media persons say 'we know the truth but we can't show it because we will lose our …

India’s economy slows, stalling once thriving manufacturing
5 years, 3 months ago

India’s economy slows, stalling once thriving manufacturing

Associated Press  

NEW DELHI — Anuj Kapoor took over his father’s booming auto parts business in 2012, hoping to elevate the company from selling to suppliers to selling directly to carmakers. “How do we file tax returns when sellers don’t give us any bills?” The sudden demonetization was the “biggest policy mistake of independent India,” says Jayati Ghosh, an economist at Jawaharlal …

India GDP growth plunges to 5%
5 years, 4 months ago

India GDP growth plunges to 5%

CNN  

New Delhi CNN Business — India’s economic slump risks becoming a crisis, with growth plunging to levels not seen since Prime Minister Narendra Modi was elected in 2014 on a promise to turn the country into a global powerhouse. It’s also the weakest growth rate recorded under Modi, who first swept to power five years ago promising to take India’s …

Employment generation remains the toughest job
5 years, 6 months ago

Employment generation remains the toughest job

Live Mint  

New Delhi: The greatest challenge that the Narendra Modi-led government faces in its second term is that of job creation. At the same time, the share of workers with a regular job was also higher than that recorded in any other official jobs survey in the past. As a Mint analysis based on data from annual reports of companies and …

Employment generation remains the toughest job
5 years, 6 months ago

Employment generation remains the toughest job

Live Mint  

New Delhi: The greatest challenge that the Narendra Modi-led government faces in its second term is that of job creation. At the same time, the share of workers with a regular job was also higher than that recorded in any other official jobs survey in the past. As a Mint analysis based on data from annual reports of companies and …

Budget 2019: Can Nirmala Sitharaman solve India's job crisis?
5 years, 6 months ago

Budget 2019: Can Nirmala Sitharaman solve India's job crisis?

India Today  

Finance minister Nirmala Sitharaman is all set to present her maiden budget on July 5 at a time when India's economic growth has slumped sharply and questions have been raised over a rise in unemployment. CURRENT JOB OUTLOOK India's unemployment rate stood at 8.1 per cent as of June 25, 2019, according to data released by Centre for Monitoring Indian …

Challenge of ’growth with jobs’ biggest poll issue: Amitabh Kant
5 years, 9 months ago

Challenge of ’growth with jobs’ biggest poll issue: Amitabh Kant

Live Mint  

Ensuring growth with jobs is the biggest challenge for the country as it heads into the general elections, NITI Aayog chief executive Amitabh Kant said Wednesday. The travel, tourism and hospitality sector has the best answer to this challenge as it creates quality jobs, Kant said, announcing that the government plans to introduce 100 new tourism-centric trains after the elections. …

Opinion | The ‘observer’s paradox’ and India’s jobs data confusion
5 years, 9 months ago

Opinion | The ‘observer’s paradox’ and India’s jobs data confusion

Live Mint  

It’s election season and claims and counter-claims are flying thick and fast. “Our own internal analysis showed that we are creating around 7.8 million jobs,” said NITI Aayog chief executive officer Amitabh Kant. “Conventional estimates suggested that there are 12 million entrants per year and the country needs roughly around seven million jobs.” Then we have non-government economists. Using Employee …

Agenda 2019: Arun Jaitley dubs '108 purported economists' as compulsive contrarians
5 years, 9 months ago

Agenda 2019: Arun Jaitley dubs '108 purported economists' as compulsive contrarians

India TV News  

Finance Minister Arun Jaitley Tuesday dubbed the "108 purported economists" alleging government interference in statistical data as a "fake campaign", saying these compulsive contrarians have repeatedly signed memorandums of manufactured political issues against the present regime. Read full text of Arun Jaitley's article Agenda 2019 – Part-9 : The NDA Government’s Economy Report Card vs. It’s Predecessors The irony of …

Why a full-blown unemployment crisis is awaiting India’s next govt; political theatrics may no longer work to hide the problem
5 years, 10 months ago

Why a full-blown unemployment crisis is awaiting India’s next govt; political theatrics may no longer work to hide the problem

Firstpost  

Two recent studies about the unemployment/financial situation of the average Indian worker, conducted by separate independent agencies, offer further disturbing evidence about India’s worsening job situation. The first is from the Centre for Monitoring Indian Economy, which said at 7.2 percent, the country’s unemployment rate in February was worst in at least 29 months when labour force dwindled 25.7 million …

Dev 360: On the jobs front, all is still not well
5 years, 11 months ago

Dev 360: On the jobs front, all is still not well

Deccan Chronicle  

"How’s the josh?” Prime Minister Narendra Modi asked the film fraternity while inaugurating the National Museum of Indian Cinema in Mumbai recently. The government insists that all is well on the jobs front in Mr Modi’s “New India”. However, “since the 1990s, and particularly in the 2000s, GDP growth has accelerated to seven per cent but employment growth has slowed …

Political bickering over unemployment ignores real crisis; lack of jobs and counter-measures should be focus, not barbs
5 years, 11 months ago

Political bickering over unemployment ignores real crisis; lack of jobs and counter-measures should be focus, not barbs

Firstpost  

Why is the Centre hesitant to release the NSSO report officially when it has maintained that there is job growth in the country, and schemes such as ‘Skill India’ and ‘Make in India’ were working to this end? Many European and Asian countries, including India, are facing it… Growth is being reported, but it is not reflecting in employment generation,” …

‘How can a country grow without employment?’: P Chidambaram’s dig at Modi govt
5 years, 11 months ago

‘How can a country grow without employment?’: P Chidambaram’s dig at Modi govt

Hindustan Times  

Former finance minister P Chidambaram on Friday raised doubts over the GDP figures, wondering how the economy is growing at 7 per cent when the unemployment rate was the highest in 45 years. The government on Thursday said it has not finalised the survey on labour force which reportedly showed that the unemployment rate in the country hit a 45-year …

Firstpost Editor's Picks: Rajiv Saxena-Deepak Talwar deportation, NSSO data on job crisis, controversial Michael Jackson documentary; today's must-read stories
5 years, 11 months ago

Firstpost Editor's Picks: Rajiv Saxena-Deepak Talwar deportation, NSSO data on job crisis, controversial Michael Jackson documentary; today's must-read stories

Firstpost  

The rise in unemployment rate can be traced to various factors. Rajiv Saxena-Deepak Talwar deportation gives BJP a potent weapon against Rahul Gandhi’s Rafale guns In this game of perceptions where narratives attempt to shape the reality, the deportation of Saxena and Talwar gives BJP the chance to highlight Modi’s image as an “anti-corruption crusader” and a “doer” who “keeps …

NSSO data confirms India's jobs crisis: Unemployment at 45-year high of 6.1%, way out is to make economy grow
5 years, 11 months ago

NSSO data confirms India's jobs crisis: Unemployment at 45-year high of 6.1%, way out is to make economy grow

Firstpost  

The problem of unemployment is very serious and the only way to go ahead is to make the economy grow which happens gradually over time. The Business Standard report has focused on the unemployment rates among men and women youth in both urban and rural areas, which does require an explanation as it is quite deep-rooted and scary. The report …

Opinion | Transformation through tech can drive jobs growth
5 years, 11 months ago

Opinion | Transformation through tech can drive jobs growth

Live Mint  

The potentially slowing rate of global growth and India’s continuing growth trajectory present both opportunities and challenges. Mainstreaming the application of technologies to all industries whether it is restaurants, hotels, heavy engineering, handlooms and handicrafts or logistics and transportation for things as basic as automating invoicing and payments to complex tasks like inventory control and management can not only help …

Once ’fragile’, Indian economy now world’s fastest-growing: PM Modi
5 years, 11 months ago

Once ’fragile’, Indian economy now world’s fastest-growing: PM Modi

Live Mint  

Mumbai: Prime Minister Narendra Modi on Sunday said the country had transformed from among the "fragile five" nations to the world's fastest-growing economy. Nowadays, there is no discussion on scams, but on new schemes," Modi said, adding that the country had moved from scams to schemes in the last five years. Five years ago, the world saw India as a …

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