Economic inequality in India is more than just a statistic, it’s shaping job opportunities, wages, and the financial future of millions. While the economy has seen record-breaking growth, why does it still feel like the common man isn’t benefiting?
In this thought-provoking conversation, we sit down with Professor Arun Kumar, a renowned economist and retired professor from JNU, to break down:
🔹 Why wages in India have been stagnant for years despite rising inflation?
🔹 The massive disparity between rural and urban job opportunities
🔹 How 94% of India’s workforce is stuck in low-paying informal jobs?
🔹 The role of financial education, vocational training, and policy reforms in bridging this gap
From the struggles of India’s working class to the concentration of wealth in the top 0.1%, this podcast dives deep into the economic realities that impact us all. Watch till the end for real insights and potential solutions!
Time-stamps:
0:00 - Intro
02:06 - How does an economics professor manage his finances?
03:33 - How LPG policy created a negative impact on India's economy?
11:15 - Why wages have been stuck to ₹20,000 in India, since the last 5 years?
14:51 - GDP's impact on common man's life
17:06 - India's unemployment rate is incorrectly displayed in surveys, why?
19:46 - What's the solution for the increasing unemployment rate?
22:57 - Why in India, female population works less, in global comparison?
25:10 - 60% of the youth population in India is incapable of getting the jobs
29:55 - India's wealth is centric towards only 0.1% of the total population
🔔 Subscribe for more deep-dive conversations on finance and economics!
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