What can India do to deal with the economic downturn? – BBC News

After the rapid growth of many years, the Indian economy is losing steam. In this country with over one billion inhabitants, domestic consumption is a major driver of growth, but unemployment is on the rise and the purchasing power of the people has been very successful.
While the government’s economic slowdown is temporary and its revival is not far behind, the impact of the slowdown on industries is noticeable. Car sales are down, private investment is slowing, and the shadow banking sector is in crisis.
The central bank of India has lowered interest rates to help slow down the economy, but is that enough? And with the aim of becoming one of the most powerful economies in the world, which sector can help India’s growth in the next 10 years?
We talk to the Vice President of the Government of India Policy Group, an Independent Economic Analyst and Business Journalist. We wonder what India can do to deal with the current economic slowdown.

Presenter: Devina Gupta
Contributors: Rajiv Kumar, Vice President, NITI Aayog Government Pensioner; Pranjal Sharma, an independent economic analyst and author; Shweta Punj, Deputy Editor, India Today and Young Global Leader (World Economic Forum)

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