The global situations have changed drastically in the year 2019, and the world has changed in significant parts, and even the strongest of the economies have been facing some major issues like the instance of China, which was the fastest-growing economy, but this year even it has slowed down. The Indian economy has not been an exception to the slowdown and has taken the worst of hits of this slowdown than any other Asian nation, I guess. The government of India has been pushing that the economy is doing pretty okay, and even though there is a slowdown, there is nothing to worry about any major loss.
While we hope that the government is right, there are numbers and facts that are stating otherwise, which have led us to be more and more skeptical of the situation of the nation, and this has also affected the trust in the government, which has substantially depleted over the years. The private investments and the consumer demand has been weakening, and we think that the nation will be seeing some major issues as the economy has slowed down to a 4.7 GDP growth in the month of September this is a 7 percent decline from the year 2018 which is something to worry about.
So the government should now start accepting the situation and start bringing some major reforms that will help the nation revive the lost economic growth, which is essential to stay as a developing nation.
Tags : Indian economy, consumer spending,