Economic slowdown in India: India's plan to become 5 trillion dollar economy by 2024 could be little late due to the economic slowdown because ofcovid-19. During the first quarter of 2020-21, India's GDP reduced by -23.9 % which is lowest in world. Once a fastest growing economy in the world, is in a great thread due to economic slowdown. 2019-20 India's economic growth was 4.2 % against 6.1 % in 2018-19 and after 2 months lock down due to covid pandemic contract its economy by 5.9 % in 2020. According to World Bank, India is at high risk. India has largest number of young population but 41 lakh youth lost their jobs in last six months. Indian government has taken various steps like cutting tax rates and Aatm nirbhar Bharat abhiyan launched to become self dependent, Additional funds in MANREGA scheme to provide employment to migrant workers who returned to their homes, Investment on infrastructurecetc. Investors could help India to regain its fastest ...
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