Is India facing a financial emergency
Yesterday, while wandering through my social media walls and timelines, a thought suddenly stuck my usually slow and lazy brain. I felt that our country might be passing through an economic emergency. The top most lawyer of the country was found blaming the top court for the economic slowdown in the country. The RBI governor was widely quoted for admitting that the extent of economic slowdown has surprised the central banker. The principal economic advisor was seen admitting that the current economic slowdown is unusual as it is for the first time that India is facing a demand led slowdown. Till now the "demand growth" was a constant in India's economic policies and business planning. The managements and analysts of automobile manufacturers were seen expressing serious concerns over short to medium term prospects of the industry. A former prime minister was seen criticizing the government for inept handling of economy and making some su...