Saturday, March 09, 2024

An impending rout.

"Surpassing the expectations of analysts, India's Gross Domestic Product (GDP) registered a robust growth of 8.4% on an annual basis in the third quarter (October-December), as against 8.1% in the previous quarter, data released by the National Statistical Office (NSO) showed." ET. "India's unemployment rate for persons aged 15 years and above declined to 3.1% in 2023, the lowest in the last three years, as per a report by the NSO under the statistics ministry." The rate was 3.6% in 2022 and 4.2% in 2021. BS. "Many economists consider an unemployment rate of 5% or lower to be maximum employment, or as close to full employment as is possible in the real world. This means employment is 95% or above." Investopedia. "GDP is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country's economic health." Investopedia. A soaring growth rate of 8.4% means that the country's economy is bursting with health, and, with higher than maximum employment rate, it should mean that Indians are earning big bucks. Why then do, "Well-informed sources in Russia's picturesque capital claim that email boxes are overflowing of every official that is involved with immigration or who can help Indians or other outsiders to get a job with defence forces?" "Hundreds of thousands of young men all over India work toward joining the Indian Army in the fond hope that their earnings would be enough to uplift their cash-strapped families." But their aspirations have been crushed by the Agniveer scheme in which recruits serve in the Army for only 4 years and are then released "back to the grind of finding a job for themselves". If Indians are joining the Russian army individually, the states of Haryana and Uttar Pradesh (UP) have advertised for 10,000 construction workers each (AP) to work in another war zone, that is Israel. UP has finalized a list of 16,000. To show that construction isn't entirely safe when missiles are whizzing around, "The 31-year-old Indian man killed in a missile strike near the Israel-Lebanon border left his home in Kerala's Kollam just two months ago." Pat Nibin Maxwell died, while Paul Melvin and Bush Joseph George, also from Kerala, were injured and are in a hospital. You can qualify only as missile fodder when, "In a shocking video, students at Chandravati School in Haryana, India, were seen grabbing exam 'cheat sheets' reportedly from friends and family outside a school prior to a test being given to the students on March 6." Yahoo. GDP zooming at 8.4% and unemployment at 3.1%, which means an overflowing employment rate of 96.9%. Yet thousands would rather die in a foreign land than be a disposable Agniveer at home. Which also means, Dear Leader is predicting annihilating the opposition by winning 400 seats in the impending election. TIE. Not the opposition. Indians are a defeated people.

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