Major Challenges faced by the Indian Economy

As we are just two days away from the budget, 2020 and a day away from the economic survey to be released, here are a few charts explaining the major challenges faced by the Indian Economy today.

SLOWDOWN IN GDP GROWTH AND RISING INFLATION

Source: MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION, GOVERNMENT OF INDIA

RISING UNEMPLOYMENT

Source: CMIE Data

RISING POVERTY AND HUNGER: Drop in Index for No Poverty and Zero Hunger

Soure: NITI Aayog

DROP IN MONTHLY PER CAPITA EXPENDITURE

SOURCE; BUSINESS STANDARD

LACK OF DEMAND IN RURAL INDIA

Source: Business Standard

MASSIVE SLOWDOWN IN PRIVATE CONSUMPTION, EXPORTS AND INVESTMENT

Source: MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION, GOVERNMENT OF INDIA

SLOWDOWN IN GROWTH OF PEOPLE INTENSIVE SECTORS (AGRICULTURE, MANUFACTURING AND CONSTRUCTION)

Source: MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION, GOVERNMENT OF INDIA

Over and above this, there are also media reports of declining collection of Direct taxes.

The charts depict the challenges faced by the government before the budget. IPD intends to provide no explanation of the above charts. The charts are self explanatory.

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