ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Official Reforms and India’s Real Economy

The remedial measures announced by the government in and after the 2019–20 budget refl ect its limited understanding of the economy as the performance of the fi nancial markets alone. But, to revive the decelerating real economy, the state needs to act upon expansion of public investments towards employment and other basic social goals.

That the Indian economy is currently experiencing a slowdown has been rather evident, both with the deliberations in different private circles and in the official statements signalling a series of remedial measures, mostly focused on the ailing financial sector! However, as we point out, the ailing Indian economy has concerns that go beyond flagging the gross domestic product (GDP) growth and the ailing financial sector.

Downturn in the Economy

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Updated On : 20th Sep, 2019

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