The current problems of the Indian economy have been aggravated by the government’s refusal to accept the clear body of evidence suggesting an economic slowdown. This has been a bane for the Indian economy since Independence. There are a few implications of this trend of overlapping kinds of unemployment in India: disguised unemployment, technological unemployment and cyclical unemployment. The second is the trend of falling wages in some sectors and slower rates of wage rate growth in others. Some telltale signs of the coming dystopia are already visible; in India, as well as in many other parts of the world.

Source: The Telegraph February 13, 2020 18:56 UTC