India’s economy contracted by 23.9%. For comparison, Brazil’s GDP contracted by 11.9% and Russia’s GDP by 8%. So, did they really do better than India?
Besides encouraging Automobiles sales figures, GST mop up for the month of October, has for the first time touch the Rs 1 lakh crore mark, 10 per cent rise as compared to October 2019 collections
Doesn’t it also predict that India will see a GDP growth of 8.8% next year, making us the world’s fastest growing economy and India will easily pull ahead of Bangladesh in per capita GDP next year?
Noting the severe effects of lockdown on Indian economy, the World Bank said that India needed to continue with critical reforms to reverse the sudden effects of the pandemic.