India’s unemployment rate refuses to go down. That misses the bigger picture, though: our labour pool is expanding rapidly. And other stories.
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India’s exports have fallen, but its imports have fallen much more – a good thing for the Rupee, in all. Meanwhile, the data shows that both electronics and life insurance are thriving.
No alarms and no surprises last week. Inflation stayed sticky, rural wages saw mild real growth, and merchandise trade remained steady. India’s forex reserves zoomed. US inflation refused to budge lower, while Indonesia is in trouble.