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What are the key factors that contribute to the Indian economy being described as 'tanked'

Mallikarjun Kharge accuses the Modi government of tanking the Indian economy.
  • Slowdown in key sectors like manufacturing, agriculture, and consumer demand.
  • Unemployment rate hitting record highs, leading to decreased purchasing power.
  • Disruptions caused by demonetization and implementation of GST affected businesses and investment climate.
  • Rise in inflation and increasing fiscal deficit impacting overall economic stability.
  • Lack of adequate policy measures to revive growth and attract investments.
  • Global economic uncertainties and fluctuating crude oil prices influencing India's trade balance.
  • Political instability and policy paralysis creating uncertainties for businesses and investors.
Overall, these factors contribute to the Indian economy being described as 'tanked' by some critics and opposition leaders.
Answered 4 months ago
Arun Aspirants