“Get ready to say good bye to ₹ 5 trillion if no new economic policy is forthcoming.”, he tweeted. “Neither boldness alone or knowledge alone can save the economy from a crash. It needs both. Today we have neither”
Indian economy has been the fastest growing economy it the world. But now its drowning on same pace and its growth reached to a six year low. Previous growth rate was 7%, now it drop to 5%.
What is GDP:
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period, often annually. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.
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