'GDP to Shrink Over 10% by March 2021,India Faces Financial Crisis and Likely Investment Crisis'
  • 3 years ago
In a 45-minute interview to Karan Thapar for The Wire Pronab Sen expressed considerable concern about the financial crisis the country faces, which has not been properly recognised by the government and certainly not responded to. He also expressed great concern about the likelihood that next year India could face an investment crisis. As he put it, at the moment investments that were decided before the lockdown are going through the pipeline, although at an accelerated speed, but after that there are no fresh projects and, worse still, no steps taken by the government to encourage investors and their animal spirits. This will lead to an investment-based crisis which, he said, would be much worse than the present demand-based economic crisis India is passing through.
Recommended