Opinion | Debunking The ‘Dead Economy’ Falsehood: India's Vibrant Rise Rattles Naysayers
The narrative of labelling India’s economy as “dead" is not just disingenuous and biased; it is also fundamentally flawed and disconnected from economic reality.
India’s economy today is vibrant and resilient, and this laboured and contrived narrative of doom overlooks India’s explosive growth and chart-topping rankings. India is, in fact, experiencing a “Goldilocks moment" of balanced and high growth, low inflation, and remarkable demographic dividends.
Such rhetoric, often peddled by critics with vested interests through outdated lenses, ignores the avalanche of data that highlights India as a beacon of resilience and growth. As the world’s fourth-largest economy ($4.30 trillion in 2025) and third in purchasing power parity (PPP) ($16 trillion), India is thriving. India’s story is also one of triumph, lifting 250 million people from extreme poverty since 2014, and Ayushman Bharat (healthcare for 500 million), while launching audacious space missions, demonstrating that progress is multifaceted and undeniable. This duality, eradicating poverty while pioneering space, defies simplistic labels.
As Søren Kierkegaard said, “There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true."
Let’s examine the growth narrative itself. With a GDP growth rate of 8.2% for the fiscal year 2023-24, India has solidified its position as the fastest-growing major........
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