Business Standard

Getting the growth back?

It would be a major miracle if the economy does not contract this year

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Shreekant Sambrani
Prime Minister Narendra Modi has all along likened the campaign against coronavirus to a war.  He could be dead right, but in a respect farthest from his intention.  Eleven weeks after the lockdown, the Indian economy is war-ravaged without our ever having been in any combat.  We did not need last fortnight’s official gross domestic product (GDP) estimate for the January-March quarter of 2020 to tell us this; it was evident to anyone with even the slightest sensitivity to economic reality. 

Rajiv Bajaj gloated sarcastically when he told Rahul Gandhi last week that the government had flattened the wrong curve, that
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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