Strategy Note /
India

India youth unemployment, fiscal deficit and Agnipath protests

  • Violent protests over new military policy for young recruits; no guarantee of ongoing service or pension after 4 years

  • India military spend as % of GDP is higher than average in large EM (ex-Saudi) but 60% is on salaries and pensions

  • Focus on military staff costs (1.5% GDP) may be driven by 10% fiscal deficit, but youth unemployment is also high at 20%

India youth unemployment, fiscal deficit and Agnipath protests
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
20 June 2022
Published byTellimer Research

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