The Indian economy has already seen a huge GDP deficit in the second quarter after the first quarter, realizing the fears of economists. According to the central report, the country’s GDP contracted by 7.6 % in July-September. At first, that was about 24 percent. Despite this, Home Minister Amit Shah is quite optimistic about the country’s economic growth.
Speaking on the country’s ongoing economic downturn on Monday, he said, “If the first two quarters see a contraction, the game will turn around from the next quarter. The domestic economy will turn around again.
Prime Minister Narendra Bhai has already taken several major economic programs to stand by the people of the country keeping in mind the far-reaching crisis of Corona pandemic. The financial package has also been scrapped. ”
The Home Minister said this at a virtual function during the inauguration of two flyovers in Ahmedabad on Monday. But whatever Amit Shah says, the tone of despair is still being heard in the throat of the World Bank, IMF. On the other hand, the Reserve Bank of India had earlier said that the recession of the Indian economy would not go away so easily.
On the other hand, at the end of the current financial year, almost the entire country is forecasting a GDP deficit of about 10 percent, the World Bank, IMFO. However, the Prime Minister has thought of several alternative measures to keep pace with the development of India’s agriculture, power, industry and other sectors without wasting time.
And that’s how India’s economic growth will be maintained, that’s what Amit thinks.