Explanation:

Wage goods, in contrast to capital goods, are consumed by the workers of the country. In the initial phase of Indian economic development, it was alleged that wage goods were given a lesser priority as compared to the capital goods that require a specialized workforce and heavy investment to pick up. This industrialization-led strategy of development neglected the constraint of wage goods availability on two things: Employment generation as demand for workers and thus wage goods increases post-economic growth, and its potential influence on inflation that is caused by the shortage of wage goods as a nation’s GDP starts growing. However, with the renewed focus on catching up with National GDP, wage goods are no longer neglected