Causes and the Nature of the Slowdown in the Indian Economy
6 Pages Posted: 12 Dec 2019
Date Written: October 21, 2019
Reforms are always good for any economy as these are meant for but the end results depend on the implementation and execution. In case of India, reforms were carried out with right intentions to increase economic activities and clean-up and plug-in different structural imperfections which have crept in overtime and had been unattended for long. However it is well known fact that every change in structure requires some gestation time to adjust before things return to normalcy and Indian economy was not an exception to this. But the way just in few quarters, these structural changes have been introduced; it seems that the government was in haste. Also the way these changes were implemented it indicates that there was hardly any well planned execution strategy; a clear sign of gross mismanagement of economic affairs.
Keywords: Economic Slowdown, Indian Economy
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