Snowball Effect
- Recently, World Economic Forum (WEF) President stated that India’s economy is witnessing a “snowball effect".
- When a small snowball travels down a snow-covered slope, it gets bigger by gathering more snow around its core. Eventually, it may get so big that it starts an avalanche.
- In Indian context, experts suggest that growth of Indian economy will lead to more investments and more jobs.
- There will be an exponential growth in coming years and a situation will arise where more poverty is eradicated and more opportunities emerge for young ....
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