recession trends in India

Leading economists, opposition parties, the government own  economic advisers, the industrialists  and the media through columnists articles and editorials have been articulating about likelihood of emergence economic crisis  for the last two years . But the government was neither  paying any attention and  nor took  preventive measures  to protect the economy from the economic strains facing India today.  Even the  recent Budget nullified every section’s hopes. The FM”s announcements of the various  corrective measures made on 23th, August looks like an endorsement of the mistakes committed  in the budget and the need to take quick actions to prevent deepening of the economic crisis . The government is constantly in denial mode regarding the effects of demonetisation and the introduction of imperfect GST structure particularly, on the small and medium sector and the alarming rate of increase in job losses . At least, from now on  the government should study the economic situation closely and introduce timely economic reforms before it goes beyond control and push us towards deep recession.