This Place is Taken: Sobering picture of Indian economy

Monday, January 29, 2018

Sobering picture of Indian economy

 


Read Scroll’s takedown of the Economic survey report for this year. Previous years reports were drenched in optimism. But now even they are admitting to reality.

They forgot the farmers.

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More challenges:

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Shit Stuff happens

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“Until early 2016, India’s growth had been accelerating when growth in other countries was decelerating. But then the converse happened. The world economy embarked on a synchronous recovery but India’s GDP growth – and indeed a number of other indicators such as industrial production, credit, and investment – decelerated,” says the latest survey suggesting how things did not go as expected.

India was the only major economy in the world to have registered a growth slowdown in 2017, even as most other countries have emerged out of the 2008 crisis.

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