This time economic recession is not only in India but in the whole world. Even if the Government of India does not believe this, but it is showing that the country is struggling with the economic recession .90% of the world's countries are currently undergoing economic slowdown. And the countries with the fastest growing economy showed the most impact. Vice Chairman of NITI Aayog Rajiv Kumar said in a statement that the country is going through the biggest economic crisis of 70 years. PM Modi is looking for 5 trillion dollars worth of arithmetic but, it does not seem to be. But this year India's economy slipped from 6th position to 7th position in the World Bank rankings. If Modi's dream of $5 trillion is full filled, then India will reached 3rd position in the world economic country. India's auto industry is going through a crisis that has a direct impact on India's economy.

In the last few years, India's economy was the fastest growing economy in the world. But we are seeing a decline in Indian economy. Indian economy is called job less growth economy, because jobs are not increasing here.

Post a Comment