‘Data from NSSO, CMIE, others are pointing towards an unmistakable sign of a recession’

In 2017 when the global economy had a synchronized recovery, India was hit by twin shocks of demonetization and GST, says Rajadhyaksha At current levels of productivity and given current institutional arrangements, it wouldn’t be prudent to aim for 9-10% growth rate, says Roy

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Panelists at a discussion on the state of Indian economy broadly agreed that the abrupt demonetisation of high-value currencies dealt a big blow to growth. While Niranjan Rajadhyaksha, research director and senior fellow at IDFC Institute pointed to...

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