Is India under Economic Recession from 2018? I think definitely India is reeling under economic slowdown, read below for more details.

1) India now in the midst of major economic slowdown, urgent actions needed: IMF
Read here Read More here.

2) Peenya Industrial Hub, Bangalore one of the largest Industrial hub in Asia and Business is down by more than 50%.

3) People in low income bracket cannot even afford Rs 5 Parle G biscuits, sales of Parle G biscuits are down and company is planning to lay-off around 10,000 workers
Read here

4) Indian Auto Industry is in huge crisis, sales are down by 30%. There was a time when Govt mentioned to make India the Auto Hub and now Indian Auto industry is struggling.
Read here

5) It is Year 2020 and Nominal GDP growth rate is at 42-year low.
Read Here

No Comment

You can post first response comment.

Leave A Comment

Please enter your name. Please enter an valid email address. Please enter a message.