Tag: economic crisis

PAK ECONOMIC CRISIS When Pakistan found itself in chaos, amid a major economic crisis, it decided to seek help from the United States, and has...

The death toll due to COVID-19 rose to 775 and the number of cases climbed to 24,506 in the country on Saturday, according to...

Former Congress president Rahul Gandhi will address a Yuva Aakrosh Rally at Albert Hall, Ram Niwas Bagh in Jaipur on January 28 to highlight the plight of economy and unemployment. Rajasthan government has already passed a resolution in the assembly against the CAA and Rahul Gandhi is expected to raise the issue. This would be the first in the series of rallies that he is scheduled to address across the country. The Congress MP will address the rally at 12 pm.

The ‘hope’ peeking over the horizon, remains absent.

Except for the rise in the stock market, everything else is low. The consumers are not buying, household savings are low, Investments by corporate are negligible, gold prices have declined and real estate has left his consciousness. Surely, something is being cooked inside. When everything is going down including the employment, consumption, spending, etc, why the market is up?

India, a democracy is known for many aspects around the world, 72 years of Independence, flag on Moon, Mission Mars, some of the richest people on planet, home to lush flora and fauna. A land of rich cultures and traditions. A country that is home to some of the brightest minds on this planet and yet a country where there are endless problems with no concrete solutions. A nation where people are more focused on the quicksand of Ram Mandir & Babri Masjid rather than the godforsaken situations at hand.

With the slowdown in gross domestic product (GDP), Prime Minister Narendra Modi-led government may find it difficult to achieve the target of five trillion dollar economy. In fact, there are also signs of poor investment in GDP figures, while investment is considered important to increase the size of the economy. At the same time, experts also expressed apprehensions that the economy will not get the benefit of the policy relief given by the government.

Finance Minister Nirmala Sitharaman on Wednesday while replying to a debate in the Rajya Sabha said that there is no recession in the economy. However, she admitted that there is slowdown, due to which the growth rate has come down. Citing the first tenure of UPA-2 (2009-2014) and NDA (2014-2019), inflation rate was low in the first term of the Modi government and the growth rate was moving very fast.