India Today

FROM THE EDITOR-IN-CHIEF

obs and inflation are the two critical factors in any economy. In India, inflation control is the remit of the Reserve Bank of India. However, the government can alleviate the impact of inflation through welfare measures such as the free distribution of food. As for jobs, the government can stimulate employment creation through its capital expenditure. This can create a virtuous cycle. Government expenditure on infrastructure projects creates jobs during their construction and has a multiplier effect for jobs in all the industries that are suppliers for the projects. As the capacity of these industries reaches its limits, private investment kicks in as they expand. This creates more jobs. Jobs mean incomes, which results in

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