Two years down the line we may have to pay the price for rising inequality: Pranjul Bhandari, HSBC India

"Whenever formalisation happens in India in a forced manner, in the beginning it is good for growth, markets go up, big companies do better. But over time, if the informal sector suffers and inequality rises, then the overall purchasing power of a large section actually falls. That hurts the fortunes of the formal sector as well and growth slows."

from Economy-News-Economic Times https://ift.tt/3nz9N2H
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