I am flabbergasted to study that South Korea, which has outstanding macroeconomic statistics, is lagging behind other countries in terms of creating jobs for young people!
Why is that?
#CHAEBOL
Why is that?
#CHAEBOL
Actually, Macroeconomic Statistics are not always very helpful.
They give you the overall aggregate picture, which might help look at the larger picture.
What lies underneath that canvas is the real truth.
They give you the overall aggregate picture, which might help look at the larger picture.
What lies underneath that canvas is the real truth.
#India->
Excellent GDP Growth Rate track record since the 1990s opening up of the economy by #Narasimha Rao Govt.
The huge build-up in FOREX Reserves.
Massive growth in #FDI and Portfolio Institutional inflows.
But, the Avg. Indian struggles to find decent work, if any at all.
Excellent GDP Growth Rate track record since the 1990s opening up of the economy by #Narasimha Rao Govt.
The huge build-up in FOREX Reserves.
Massive growth in #FDI and Portfolio Institutional inflows.
But, the Avg. Indian struggles to find decent work, if any at all.
Calcutta Slum Area 
“When statistics do not make sense, I find it generally wiser to prefer sense to statistics.”
#Keynes
#Keynes
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