CORPORATE WINDOW: A matter of governance

Public mistrust of the government stems from the gap between official economic claims and citizens’ real-life experiences. Few believe that inflation is actually one-third of what it was before or that the unemployment rate is low. Official data indicates a sharp decline in inflation to 9.6 per cent from 38pc in May 2023. However, people grappling with eroding real incomes and rising family needs view the government’s assertions as mere propaganda that ignores their hardships. The same applies to the unemployment rate; the current Economic Survey projects it at 6.3pc, while it appears much higher in public perception, as many know numerous people of employable age desperately seeking work. This not only disappoints the public but also fuels their anger.