Reasons for fall in IIP
Solutions to revive IIP
Conclusion
The Indian economy is battling a severe demand slowdown and a liquidity crunch, which together resulted in the GDP growth rate and growth in private consumption expenditure falling. The slowdown in the economy is likely to have an adverse bearing on policymakers’ goal of doubling the size of the economy to $5 trillion by 2024. Hence, it is important to arrest the falling industrial production at the earliest, in order to revive growth.
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