Worst economy in 42 years needs an honest look
India’s economy hasn’t been this bad in 42 years. Pulling it back from the abyss will require more honesty than imagination.
Tuesday’s advance estimates for the financial year ending on March 31 peg the economy’s inflation-adjusted growth rate at 5%, a third year of slowdown. And even this figure could be optimistic. Consumer demand is in the doldrums and go nment spending — the only thing supporting growth — is bound to be pruned in the closing months of the fiscal year to avoid a budget blowout.
What is Modi doing? 1. Still blaming Congress and other Parties.2. Still talking like opposition party3. False Promises and Fake life
R K Gupta
Govt must welcome criticism
Worst economy in 42 years. Acche Din have arrived, say thank you to Modi
March 2009 the economy hit 3% growth In 2019 it has reached growth figure of 5% better than the low of Congress rule.
Indians don't need growth and jobs.
Ram Prakash Shroff
Today with so high tax collection, no development except BJP head Quater, the downward trend in the economy only confirms the calibre of the person at the helm,
After the economic chaos created by Arun Jaitley India needed a versatile economist to head Finance Ministry but alas, the present FM can not set aright on her retail store experience in UK.
India's actual GDP growth is now 2.5 to 3%, Bangladesh GDP growth is now 8%.
印度的实际GDP增长率是2.5 - 3%，而孟加拉国GDP增长率达到8%。
Sir, Look at the GDP graph, the lowest rate was in March 2009. The headlines contradicts this. Also do you remember 1991. During this year India mortgaged its gold reserves to pay World Bank.Also, if you put inflation beside GDP between 2004 to 2014, growth would be negligible.Please present correct data before making such a bold statement.
This is the real economy but not the worst as it impressed. Actually consumption story and trade wars resulting in an overall downtrend in world economy together this had an expected ripple effect on the Indian economy. Politicians and their gallery of writers like to paint this into the gloomy picture in their own.
P D Amarnath
There is no doubt that economy is not in good health. But that does not mean that it is not as bad as said and certainly 42 year is an exaggeration. The author is rather bent towards anti-indian COMMUNISTS and khangress tor rather anti-modi. Only some sectors are not doing well. That's all. Nothing to worry much.
Whether 42 years or 10 years, no one will disagree that economy has drastically slowed down. And the assessment that govt ignored the slowdown signs is not wrong because it's trending so low since last 6-7 quarters, but everyone in the govt including FM were denied the slowdown till 1 qtr ago.
nowadays, media presents negative views as headlines