NATURE OF ECONOMIC SLOWDOWN IN INDIA

Abstract

The Indian economy was in a parlous state since demonetisation. The outbreak of the Covid-19 pandemic has added fuel to fire. The present tide of the slowdown is aching the people at the margin as they have lost their sources of income. The rate of unemployment is also mounting ever since demonetisation and now it is at the peak due to the three consecutive lockdowns to curb the spread of the pandemic. In this paper, we describe the state of the Indian economy since the demonetisation and the various factors that led to the economic slowdown.

Keywords

economic slowdown, Covid-19, pandemic, demonetisation, fiscal policy, flood, automobile industry, cooperate tax

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To cite this article

Keerthana, B.S., (2020). Nature of Economic Slowdown in India.  John Foundation Journal of EduSpark, 2(3), 57-64.