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Showing posts from July, 2021

Thoughts on Economics part 3 :Problem with GDP in Indian Economy

 Hello, friends! I am Sangam Sharma and You are on Sangam Sharma Blogs and in the third part of Thought of Economics, I will discuss  HOW GDP OF INDIA WORKS? Recently, new data was released about the GDP of the country. According to it, the annual GDP Growth Rate of the country in the last Financial Year, in the Financial Year of 2020-2021, has touched -7.3%. Since the independence of the country, there has never been such a terrible annual GDP Growth Rate in the country. It was the worst GDP Growth Rate in the history of our country. Why did it happen? What were the reasons and failures of the Government behind it? -7.3%, this number, what does it tell us about the situation of the country? And what does it hide? Come let's find out in today's blog. Let's look into the details of this new data first. Ever since the Independence of the country, till today, The annual GDP Growth Rate was negative five times only. Only two of them were during major times. First in 1965-66, wh