India’s Own Great Depression? Unemployment, Inflation, and Struggles, how Similar is it to 1930s America's Great depression?

The U.S. in the 1930s saw mass unemployment, businesses collapsing, and people struggling to afford basic necessities. Fast forward to India today, youth unemployment is skyrocketing, inflation keeps eating into savings, and many are stuck in underpaid jobs or gig work with no stability. Farmers are drowning in debt, the rich keep getting richer, and the middle class feels like it's shrinking.

Sure, India’s GDP is still growing, but if jobs aren’t growing with it, does it even matter? I once read someone on QUORA calling INDIA a "HOMELESS TRILLIONIARE", I couldn't agree more. Are we witnessing our own version of an economic depression, just without the official label? Or is this just another tough phase before things improve?