India's Consumption-Led Growth Model Risks Long-Term Sustainability

Imagine India wants to grow its economy, like getting bigger and stronger.

One way to do this is by encouraging people to buy more things, which is called boosting consumption.

The government has cut some taxes (GST) to help people spend more, and people are indeed buying more.

However, this article argues that relying too much on people buying things might not be the best long-term plan.

It's like eating a lot of candy for energy instead of eating healthy food; it might feel good now, but it's not sustainable.

The author points out that much of what people are buying is actually made in other countries, not in India.

This means India's money is going to other countries, not helping Indian factories grow.

The article suggests that real, lasting growth comes from building more factories, creating new inventions, and selling things to other countries.

If India only focuses on people buying things, it could lead to problems later, like not having enough money for important things like building roads and schools, and potentially fewer good jobs for young people.

The author believes India should focus more on making and producing things, not just consuming them.