India Is Facing Worst Economic Crisis Since Independence, Niti Ayog Chief Rings Warning Bell

Is India really facing economic crisis? People are debating economics more than ever before, which at least means that something is wrong. Or Perhaps, very soon something bad is going to hit Indian markets that will leave the buyers and sellers empty handed ahead of the upcoming festive season.

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What do the learned men say?

A few days back, it was the former RBI chief, Raghuram Rajan, issued a clear warning about the state of dwindling Indian economy. Demanding a fresh approach for Indian economy, Rajan said,”We need a fresh look from an independent group of experts at the way we compute GDP and make sure that we are not in a sense having GDP numbers that mislead and cause the wrong kinds of policy actions.”

Then, his successor and the current RBI chief, Shashikanta Das, said the same thing and expressed his fears about the state of economy.