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India’s ‘Misery Index’ Is On The Rise
A snapshot of macroeconomic conditions which most affect the common man suggests rising ‘misery’.
11 Dec 2019, 05:55 PM IST
Growth has slowed, unemployment is high, inflation has started to rise and borrowing costs haven’t fallen all that much. All put together, India’s ‘misery index’ is on the rise, reaching levels not seen since at least the second quarter of FY17.The ‘Misery Index’ was constructed by economist Arthur Okun in the 1960s, to provide a snapshot of the state of the American economy. At the time, the index was created as just a sum of annual...
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