The Indian economy has been changing and has been experiencing some major slowdown issues, but this has been pretty oblivious to the government of the nation, and they have failed to take the essential steps to get back the economic growth on track. There has been a very big debate on the Indian economy, whether the issues that the nation is having are structural or cyclic, and this won't matter if the nation collapses under the pressure of the global economic slowdown.
The structural and cyclic debate would be a serious help to the reforms pattern of the nation, and we think that if the damage is structural, then the nation has some huge work to do and the small reforms that it has been making will not be beneficial at all, and the growth will be killed. The nation needs to change the situation of the economy if the structural problems keep piling up, and the issues have been rising. The major change has been in the automotive sector, which has just collapsed in a very sudden way leaving the economy with some serious deficits, and the nation has never been the same. There need to be reformed to revive the failing sectors and bring back the economic growth of the nation.
The Indian economy has failed to realize the issue soon and has been very late to bring reforms that have been hurting eth economic growth of the nation even more and is more hurt by the global economic slowdown.
Tags : Structural damage, indian economy,