The Indian economy has been slowing down, and as the richest man of the nation, Mukesh Ambani stated previously in the last week that the economy was experiencing a slight slowdown has just cemented the fact that was observed for so long by the common eye as well as the well-known economists and analysts too.
The prime minister of India, Mr. Narendra Modi, has been busy convincing the people that there is nothing wrong with the economy, and the economy has been doing perfectly fine. But these claims do not match the growth numbers of the nation that have been declining at an alarming rate, and this seems like it is pushing the economy into recession before the recession hits. The government is still claiming that the economy is still among the fastest-growing major economies. The method used to calculate the GDP that indicates the growth of the economy was updated In 2015 in India, and there have been doubts and concerns from the people all over the world whether this change has been giving out accurate numbers or are they just false readings as the reality is not matching the numbers.
The bullish approach of the government can be fatal to the nation’s economy, and this could also further aid the slowdown and push the nation into further deficits. The government should start taking matters more seriously rather than making stupid comments and playing politics in all aspects. This would be very beneficial for the economy is the ruling party for once thought about the nation first.
Tags : Indian economy,