Current economic situation - way forward

Current economic situation - way forward: The economic slowdown presents a serious challenge to the Modi government as it sets a target of making India a $5 trillion economy in five years. Lets start from the worst hit Auto sector to the real estate sector, number of unsold homes have increased. Whereas, The Reserve Bank of India (RBI) said it stands ready to safeguard the country’s banking system from financial and market risks stemming from the spread of Covid-19, citing expectations of “coordinated policy action” by central banks around the world amid threats to global demand and currency movements.

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