{
  "id": 8904554,
  "title": "India’s growth is up. But who gets the gains?",
  "url": "https://urgent.news/2026/09/21/indias-growth-is-up-but-who-gets-the-gains",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T10:21:42.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/who-gets-the-fruits-of-indias-economic-growth-cea-nageswaran-has-an-answer/articleshow/134386839.cms"
  },
  "original_language": "en",
  "account": "India's economic growth is on the rise, but the question remains: who reaps the benefits of this expansion? Chief Economic Adviser V Anantha Nageswaran highlighted the importance of fair distribution of gains between workers and corporations during a keynote address at an AIMA event. According to Nageswaran, growth only translates into meaningful transformation when it is shared honestly between those who work and those who invest. The debate over fairness should not pit workers against businesses; instead, both are integral to the economic equation. Capital is entitled to earn a fair return, while workers must have a meaningful share in the prosperity generated by their labor.\n\nFairness, Nageswaran emphasized, is not charity; it is a condition for a healthy and sustainable market economy. A robust market needs consumers with sufficient purchasing power to buy the goods and services produced by businesses. Ultimately, it is workers who become these customers. There is an honest way to earn capital's fair return, and an unsustainable way that involves suppressing wages, delaying payments to suppliers, and hoarding profits. This self-defeating approach only works until consumers run out of savings.\n\nNageswaran suggested that governments can lower the cost of doing business by providing cheaper power, affordable land, and reducing the compliance burden. Lowering the cost of business is crucial for job creation, as businesses' activities generate employment opportunities. However, it is essential to note that governments do not create lasting jobs directly; they merely create an environment conducive to economic activity. India's economic challenge now extends beyond mere growth; it is about ensuring that growth translates into better jobs, higher wages, and greater economic security for ordinary Indians.\n\nThe CEA stressed that India's growth outlook is relatively stable, with medium-term annual growth projected at around 6.5-7%. Despite headwinds from the West Asia crisis, India's economy grew by 7.8% in the first quarter of the year. Growth measures how much larger the economy becomes each year, while transformation focuses on who benefits from this growth, how many workers move from insecure employment to productive and stable jobs, and whether households experience an improvement in their standard of living.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}