Monday, July 7, 2025
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Tag: Fiscal Deficit

No, It Wasn’t COVID that Sent Indian Economy into a Tailspin

The Indian economy was in one of its worst ever deceleration phases even before the Covid-19 pandemic. GDP growth fell continuously for eight quarters (except for a .08 percentage point blip between December 2018 and March 2019. It was 8.2% in March 2018 and had fallen to just 3.1% in March 2020