Economy & Equity

True Figure Of Economic Contraction Likely In Double Digits, Govt Must Act Immediately I TWBR 4 June 2021 https://www.youtube.com/watch?v=b5SAWn7oqaA  
The Indian government released its latest estimates of economic growth for the financial year that ended in March 2021. India’s Gross Domestic Product or GDP contracted by 7.3% in 2020-21. While the narrative is that the contraction is a result of India being in a pandemic year and suffering like other countries worldwide, the truth is our GDP growth rate has been a point of growing weakness for the last 5 of the7 years of this current government. The last time the Indian economy contracted this way was in 1979-80. Mitali Mukherjee spoke with Mr Ananth Narayan, Professor of Finance, SPJIMR (S. P. Jain Institute of Management and Research) on what the internals of the economy was looking like, and why it was time for urgent economic relief measures by the Central Government.