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Why is India Reluctant to Take Bold Steps for Economic Transformation?
India doesn’t have a reserve currency, avoids a private military-industrial complex like the USA, and steers clear of businesses with questionable morality like porn, casinos, lotteries, or betting. We aren't even exploring bold initiatives like Universal Basic Income (UBI), which could have a massive impact. Instead, we wait for other nations to act first. The irony is that India needs these reforms more urgently than developed nations. Their high-skill economies may need such measures later, but we require mass employment right now. Despite this, we neither establish robust social security systems like Europe nor take bold steps to create jobs. Instead, we lament about unemployment. So, is this stagnation because our business leaders and policymakers are complacent, or because we as citizens are too passive, content with blaming politicians? To top it off, we’re losing our cultural values while stuck in this paradox. The truth is, every country faces challenges but finds innovative ways to create jobs. You can’t just increase productivity with machines, leave people jobless, and then complain about unemployment. India must decide on a direction—whether through industrial growth, social reforms, or modern programs. Do you think India’s hesitation is justified, or are we missing opportunities by being overly cautious?3
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