Indian Economic Crisis may damage country Dream of $5 trillion Economy : Kunasi Veera
Yes ! I stand with the above statement. With an aim to acquire USD five trillion economy status , India has to consistently achieve a minimum of 9%+ growth rate for next five years. On the other hand economic indicators reflect that the GDP growth of India has gone down to almost five percent in the first quarter of financial year 2019-20 . Many sectors that contribute to the Indian Economy’s growth path, like Automobile, Real estate, FMCG, Manufacturing, Agriculture are lagging behind in achieving desired growth rate and jobs in these sectors are not only going down but are also trimmed. Job cuts, hiring freeze, factory shutdown, and suspension of production are some of the headlines staring at us as the Gross Domestic Product (GDP) growth rate of the economy slipped to five percent for the first quarter of 2019-20 ,the lo west in over six years . key Points Auto sector is facing worst crisis in about 20 years In real estate sector, nu...