Do it yourself

As I mentioned yesterday ( see here ), the stock markets have shown commendable resilience to the COVID-19 induced lockdown, the economies around the world have unfortunately not been so defiant. The global economy is witnessing its worst economic collapse since the great depression of 1930. Unlike 2008-09 meltdown, this time the Indian economy is no exception to the global trend and is witnessing the worst ever slowdown in the history of post independence period. In past 40yrs, since FY80, when Indian economy declined by 5.2%, we have not seen any year of negative growth. Economic growth collapses, long term growth curve shift downward The economic growth in India has been declining structurally since the global financial crisis (GFC) of 2008-09. For couple of year, monetary and fiscal stimulus given by the extant government to mitigate the impact of global crisis supported the growth. However, post FY13, the growth trajectory never looked like retracing to pre GFC le...