TILL SUCH TIME THE DOMESTIC DEMAND IS RAISED, THE INDIAN ECONOMY WILL NOT REVIVE – BY PRITAM BHOWAL
Domestic private consumption accounts for approximately 55-60% of India’s GDP, which is why India remained largely unaffected by the GFC (Global Financial Crisis) in 2008. It was showing strong signs of growth when major economies were facing several hardships. Some years later, due to a drastic fall in consumer demand, the economy plunged into a…