State of Indian Economy
What last CEA is presenting seems like the economy is not in recession but depression. Can all of u look at these 4 charts and share inputs on why they are accurate or inaccurate. Please no anecdotes. Oppose with data and facts.
And if this is indeed the case whats the Govts plan to fix things? more
And if this is indeed the case whats the Govts plan to fix things? more
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We are still growing at about 5%- who calls it a a depression or recession ? Don't just get carried away. more
Dec 30
these are NDTV generated data... one must first validate the data with govt source to cross confirm and then only can one give genuine observation knowing the fake news peddling trend of NDTV... they are highly unreliable source of info in a true balanced way more
Dec 29
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. In the United States, it is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.". In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4] a decline in real GDP exceeding 10%, or a recession lasting 2 or more years. From your above slides: Consumer Good Production growth rate of 1% is neither Recession nor Depression - it is Growth. Reduction of exports by 1% is not Recession either. Let's not get carried away . headlines in TV or Newspapers are meant to attract attention, and not to inform. more
Dec 29
