Declining Wages, Rising Unemployment, Reduced Spending Capacity: The Poor in Modi’s India
The Modi government is doing everything to ensure that Adani’s profits boom, while leaving the poor to fend for themselves.
The Modi government is doing everything to ensure that Adani’s profits boom, while leaving the poor to fend for themselves.
A recent FICCI-Quess report highlights a glaring dichotomy within the Indian economy: while private sector profits have skyrocketed, employee wages have stagnated or even declined. The Federation of Indian Chambers of Commerce and Industry (FICCI), which describes itself as the voice of Indian business and industry, partnered with Quess Corp, a business service provider, to present these findings. The report’s origin is worth noting, as it frames the issues through the lens of the corporates.