 "government spending, demand, stimulus")
There are three significant negatives arrayed against the Indian economy currently. The first is due to faulty central government decisions in the three years from 2016 to 2019, compounded by a refusal to accept that economic growth was slowing down. For fiscal 2019-20, the official figure for gross domestic product (GDP) growth was an abysmal 4.2 per cent. The second is the ongoing Covid-19 pandemic and the third is the eyeball-to-eyeball confrontation between Indian and Chinese armed forces in Ladakh. India has to be prepared for continued low-intensity armed confrontation with China-Pakistan and simmering insurgency in Kashmir.
US
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