Indian economy in worst shape: Reserve bank!
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With the Lok Sabha elections scheduled to be held next year, the reserve bank has released a report on the economy of India. 48% of those who had participated in the research have opined that in 2018, the Indian economy has faced huge downfall.
While in December 2016, in a similar research, only 38% had said that the economy was worse while now, in May 2018, it has been already revealed that 48% have negative response to the economic growth. The same percentage of people who gave thumbs down for Indian economy in 2017 was 44%. 88% people have said that the prices for f essential goods have increased in the past 1 year, while 83% have said that the prices are set to increase in the next 6 months.
Due to inflation and many other reasons the economy is all set to be damaged further, and this will impact people even more as per the research results. This research was conducted in the cities of Chennai, Hyderabad, Mumbai, Bangalore, Kolkata and Delhi, and this survey had more than 5000 people participating.