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India’s Economy Slows Down Just When It Was Supposed to Speed Up

20 January 2025
in Business
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India’s Economy Slows Down Just When It Was Supposed to Speed Up
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A year ago, India was rebounding from a Covid-induced recession, boasting of being the world’s fastest-growing major economy and surpassing China in population. However, recent setbacks have seen the economy slow down, with the stock market erasing gains, the rupee falling against the dollar, and overseas investors exiting. Challenges include lack of demand, stagnant wages, and the government’s struggle to address economic issues, with hopes pinned on potential tax cuts in the upcoming budget to boost consumer spending.

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