Narayan Murthy : GDP worst down after independence, Government should be Serious to improve economy
Narayan Murthy said that global GDP has gone down. Global trade is sinking. Global travel is almost over. NR Narayana Murthy, one
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GDP
Lowest GDP in 11 years, 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus
GDP growth rate for March quarter slipped to 3.1% from 4.7% recorded during the previous quarter. The economy grew by
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Knowledge report on jobs: 3.64 crore people unemployed in 7 major sectors of the country in 5 years, 7.1% unemployment rate
5.3 crore new jobs may come next 5 years, government measures and GDP improvement will change the situation. 1.2 crore
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IMF drastically cuts India’s GDP growth estimate. Growth rate will be just 4.8 percent
Significantly, the International Monetary Fund (IMF) chief economist Geeta Gopinath recently warned that the IMF may significantly reduce its estimate of India’s growth in January. In an event, Gopinath said, “We will revise our figures and release new figures in January.” This can be reduced significantly in the case of India.
Skeptics on the $ 5 trillion economy goal
With this, Gopinath expressed doubt on the government’s goal of $ 5 trillion economy. He said that to achieve this target, India would have to achieve GDP growth of 10.5 per cent at market price as against the growth rate of 6 per cent in the last 6 years. At the same time, to achieve this target in terms of stable value, an increase of up to 9 percent is necessary.
6 year low GDP
India’s GDP growth reached 4.5 percent in the September quarter. This is a lower level of 6 years. At the same time, the growth rate has been declining for 6 consecutive quarters. Not only this, the situation is not looking good in the future either. Several rating agencies, including Moody’s, have cut India’s growth rate estimates.
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