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.
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