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Indian economy may contract 25% in current fiscal: Economist Arun Kumar

The Indian economy is not recovering as fast as the government claims and the country’s economy may contract 25 per cent in the current financial year, noted economist Arun Kumar said on Sunday. Kumar further said that due to a big decline in the GDP during the current financial year, the budget estimates have gone completely out of gear and, therefore, there is a need to correct the Budget. “India’s economic growth is not recovering as fast as the government is showing because the unorganised sector has not started recovering and some major components […]

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