India's Economic Slump: Policymakers in Denial as Gold Loans Surge
792+ Words Refined into 4 Facts by AI • 1 source • 0m ago
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- Policymakers are in denial about India's economic slump, says Andy Mukherjee.
- Loans against gold are surging over 50% annually, indicating borrower desperation.
- Five years ago, similar economic issues were ignored, leading to stagnation.
- The government has failed to implement effective measures to stimulate growth.
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