Indian Economy Contracts By Record 7.3% In 2020-21
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India’s GDP contracts 7.3% in FY21, but uptick in Q4 with push from manufacturinghttps://indianexpress.com/article/business/econ…
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The pandemic was the biggest in last 100 years..
Ahh..atleast it did not fall to 100 years low #logical
Marr jayege, bhookhe nange ho jayege, sadak pe aa jayege but Vote to Modi Ji ko hi dege.
Aur bhooke Biwi Bachcho ko Kuwe Nadi m phek dege, lekinnnn , Vote Modi ko hi dege! 😡
Abhi 2-3 year aur baki hai Panauti/manhoos ke. Aur pata nhi kya kya hoga _ earthquake,China war
2 years? He is coming back in 2024 also, by hook or by crook.
The main reason for the economy contraction was the ‘complete lockdown’ across India. The economy is like a factory, shutting it down at once will cause irreparable damage to the various cogs in it. Planned lockdown of different sectors and reevaluations of curbs at district levels would have aided the spread of virus.
There is a very small portion of the public which could afford to survive 25-30 days without income and just savings. A very large amount of the lower middle class group slipped into poverty during this period. While Central & States have helped with PDS schemes to sustain them for the time being, the uphill battle is to reinstate them back to their previous economic level.
With manufacturing at an all time low, many factories permanently shut and those jobs exported, it’s going to be a massive challenge to bring down unemployment.
1) Nehru did it.
2) GDP growth was excellent before the Pandemic. (Don’t ask for data please)
3) Bangladesh surpassed our GDP Growth rate (By cheating)
4) Lockdown was applied only in India.
Ha to , Hamari economy to Vinash Purush aur Nirmala tai.chala rahi h. Ese hi 18 – 18 ghante kaam thodi kiya h. 😜