A large number of lead indicators tell us that the Indian economy is sinking further into mire. The fall in real GDP in the quarter ended September 2019 to 4.5 per cent, the lowest in over six years, was an official admittance of a fact well known for long. But it seems mild compared to what we see beyond the second quarter.
Available data tell us that the economy is headed for even greater trouble in the current quarter which ends in December 2019. Conventional electricity generation in October 2019 was a whopping 13 per cent lower than it was
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
