A study on deceleration of the Indian economy

Raisa George

The Indian economy will grow at 9.7% in 2021, which will be faster than all of the world's major economies according to a London-based data and analytics firm Global Data, however, it will be 11.5% in 2021as per the statistics of IMF. Indus valley civilization, which flourished between 2800 BC and 1800 BC, had an advanced and flourishing economic system. The Global Financial Crisis, India's long-term growth has slowed as the two engines propelling rapid growth-investment and exports-sputtered. Today, the other engine-consumption-has also stalled. As a result, growth has plummeted precipitously over the past few quarters.