INDIAN ECONOMY: CONTRASTING VIEWS — RAJAN AND RANGARAJAN
IT IS NOT ALL GLOOM – SOME RAY OF HOPE IS STILL THERE
2020-09-11 10:50
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A pall of gloom is hanging about India’s economic future ever since the GDP estimates about the first quarter of the current fiscal were laid bare a week back. There is a virtual competition among forecasters about the extent of estimated contraction of the Indian economy. Some banks say is it a 7 per cent, some say no over 10 per cent and yet others even better. Does it really warrant such downbeat mood?