Biggest News Pakistan has nothing to do, Modi himself destroys India's economy

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Pakistan has nothing to do, Modi himself destroys India's economy Millions of people become unemployed, inflation increases, tax collection records decline and GDP growth declines, IMF and other global Institutions have issued a special report on the destruction of the Indian economy
New Delhi (Urdu point newspaper, August 23, 2019) Pakistan has nothing to do, Modi himself destroys India's economy, millions of people become unemployed, inflation increases, tax collection records decline and GD The decline in P-growth, the IMF and other global institutions have issued a special report on the destruction of the Indian economy. According to details provided by the German news agency DW's report, the IMF has expressed concern over the slowdown in India's economy as dangerous.

Several global institutions are pointing to the devastation of India's economy, according to the Indian government's own data, which saw a drastic reduction in direct tax revenue between April 1 and August 15 this year.


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The rate has come down to 4.7 percent though in the second quarter of this year it was 9.6 percent and the desired rate is 17.3 percent. Rajiv Kumar, deputy head of the government agency, also expressed strong concern over the economic slowdown. They say the country's economic situation is extraordinarily worrying. In the last 70 years, the domestic financial sector has never been in such a state. At the moment, no one is trusting in the private sector and no one is willing to lend. Reserve Bank of India, the central financial institution of India


Former RBI governor Raghu Ram Rajan has also termed the slowdown in the economy as a major concern. He says that I believe that the slowdown in the economy is certainly very worrying. You can see everywhere the companies are worried. At the export front, India's situation is not good at this time. According to a report by the Confederation of Indian Industry, between April and June 2018, India exported US $ 1064 million worth of products. But in the same period of this year, the value of domestic exports fell to $ 695 million after a substantial decline. Exports declined by 35%. In India
At present, the textile industry is in a very poor state. The sector directly or indirectly employs 100 million people. But one-third of the spinning mills across the country have closed and those who are running are also at a loss. The slowdown in the economy has also affected the purchasing power of the people. The rural areas are most affected. Parla, a 90-year-old biscuit maker, sells a packet of biscuits for only five rupees, which is very popular in the countryside. The company says its biscuits sales have dropped by seven to eight percent. Another big biscuit maker in India, Brittany, says that people now think twice before even buying a packet of five biscuits.

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