💨 Abstract

The Economic Survey 2024-25 warns India against the dominance of financial markets in policy-making, termed as 'financialisation', to achieve the goal of Viksit Bharat by 2047. Financialisation in advanced economies has led to excessive debt and over-reliance on asset prices for growth, exacerbating inequality.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖