ThePrintEconomix: There’s a problem with UP’s trillion-dollar economy dream - Decoding the 'Investment Illusion'

The distinction often overlooked in headline figures is what we economists call the difference between growth and structural transformation. Growth is an aggregate measure, indicating that the economy is expanding. Structural transformation, however, is more complex and consequential, as it assesses whether the composition of the economy is evolving in ways that genuinely enhance the material conditions of its inhabitants. By the first measure, Uttar Pradesh is performing reasonably well. By the second measure, the situation is considerably more concerning. Watch #Economix with ThePrint Consulting Editor (Economics) Bidisha Bhattacharya:----more----Read full article here: https://theprint.in/opinion/theres-a-problem-with-ups-trillion-dollar-economy-dream/2947729/