GS-3, Indian Economy, Uncategorized

Consumption Conundrum of Indian Economy

According to NITI Aayog, the current economic slowdown is the worst economic slowdown that India has faced since independence. Moreover, the slowdown has been witnessed in consumption in the Indian economy. From many decades, consumption has been the major driver of growth in the Indian economy. Income stagnation has been the cause of consumption slowdown. Reasons for Income Stagnation Unemployment Crisis… Continue reading Consumption Conundrum of Indian Economy

GS-3, Uncategorized

Economic Slowdown

Context India’s real or inflation-adjusted Gross Domestic Product (GDP) grew at 5 per cent in the June 2019 quarter of financial year 2019-20 (Q1FY20), the slowest growth in six years (25 quarters). In nominal terms, the growth stood at 7.99 per cent, lowest since December 2002. What is a cyclical slowdown? A cyclical slowdown is a… Continue reading Economic Slowdown