Economy of India


       The economy of India is characterized as a developing market economy. It is the world's fifth largest economy by nominal GDP and third largest by purchasing power party  (ppp) .According to IMF (international monetary fund) ,on a per capita income basis,India ranked 142nd by GDP (nominal) and 119th by GDP  (ppp) per capita in 2018. Post 1991 economic liberalization, the free market oriented reforms propelled India to achieve 6% to 7% annual average GDP growth.  From 2014 to 2019, India's economy was the world's fastest growing major economy, surpassing China.
     As we go through the recent economy  (GDP ) of our country, it is said that India's GDP growth rate "much weaker " than expected, says IMF which attributes it to the corporate and environmental regulatory uncertainty and lingering weakness in some non -bank financial companies. It slipped to 5% in the first quarter of 2019-20 , the lowest in over six years, according to the latest official.
     
       Now the point here comes on us to concentrate on what factor or what factor caused to the decrease of GDP in India .
       Is Unemployment, the major cause for sudden slipp down of GDP?or implement of New bills? or GST (goods service tax) ?
    Please comment on these above questions. so as to get different options from all of the youth generations to make  better tomorrow of our nation.

- Afra

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