The Indian economy is in the doldrums. The Indian economy was already in bad shape before the COVID-19 pandemic struck. In 2019, India’s Gross Domestic Product i.e. GDP growth was 4.18%, lowest in that decade.

The coronavirus pandemic and the nationwide lockdowns spiraled the economic downturn into a full-fledged economic crisis in the country. India’s GDP went through its worst phase of -7.3 % in 2020 and is still struggling to recover from it. The World Bank has also slashed India’s 2021-22 Gross Domestic Product (GDP) growth forecast from 10.1per cent to 8.3%. Which means India’s GDP will grow with 1% growth.

To know more about India’s economic growth story, the impact of COVID-19 pandemic on our country’s Gross Domestic Product (GDP) and how the economy affects the GDP. The host Kunika Balhotra reached out to Dr Biswajit Nag, Professor and Head of Economics Division at the Indian Institute of Foreign Trade to understand why GDP figures and its sharp fall in recent times matters to every Indian. 

The Indian economy is in the doldrums. The Indian economy was already in bad shape before the COVID-19 pandemic struck. In 2019, India&rsquo;s Gross Domestic Product i.e. GDP growth was 4.18%, lowest in that decade.
The coronavirus pandemic and the nationwide lockdowns spiraled the economic downturn into a full-fledged economic crisis in the country. India&rsquo;s GDP went through its worst phase of -7.3 % in 2020 and is still struggling to recover from it. The World Bank has also slashed India&rsquo;s 2021-22 Gross Domestic Product (GDP) growth forecast from 10.1per cent to 8.3%. Which means India&rsquo;s GDP will grow with 1% growth.
To know more about India&rsquo;s economic growth story, the impact of COVID-19 pandemic on our country&rsquo;s Gross Domestic Product (GDP) and how the economy affects the GDP. The host Kunika Balhotra reached out to <a href="https://tedu.iift.ac.in/iift/faculty-detail.php?pro=22" data-saferedirecturl="https://www.google.com/url?q=https://tedu.iift.ac.in/iift/faculty-detail.php?pro%3D22&amp;source=gmail&amp;ust=1605857637521000&amp;usg=AFQjCNEaBX2akYjj50e0oEeRCvMV4-OF7w">Dr Biswajit Nag</a>, Professor and Head of Economics Division at the Indian Institute of Foreign Trade to understand why GDP figures and its sharp fall in recent times matters to every Indian.&nbsp;

Every few months we read statistics related to the economy in the news. Whether it is about government claims of the economy growing, or job losses, industries suffering, the economy is on our minds 

But how much do we understand about it? What factors affect economic growth? And how are we affected by it? To understand how the larger principles of the Indian economy affects us, we at Suno India are bringing in a new series called Indian Economy Explained. 

In the “Indian Economy Explained” series host Kunika Balhotra will bring insightful discussions with reputed economists, researchers, professors and people working in the financial and developmental sector to understand broad principles about our economy and help contextualise the tumultuous times we live in.

Every few months we read statistics related to the economy in the news. Whether it is about government claims of the economy growing, or job losses, industries suffering, the economy is on our minds&nbsp;
But how much do we understand about it? What factors affect economic growth? And how are we affected by it? To understand how the larger principles of the Indian economy affects us, we at Suno India are bringing in a new series called Indian Economy Explained.&nbsp;
In the &ldquo;Indian Economy Explained&rdquo; series host Kunika Balhotra will bring insightful discussions with reputed economists, researchers, professors and people working in the financial and developmental sector to understand broad principles about our economy and help contextualise the tumultuous times we live in.

Indian Economy Explained

The economy of India is characterised as a middle income developing market economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).  An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. 

To understand all these aspects and the issues like GDP and economic slowdown, role of MSMEs, women participation in economy and many more tune into our latest series Indian Economy Explained.

This series features insightful discussions with reputed economists, researchers, professors and people working in the financial sector.

The economy of India is characterised as a middle income developing market economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).&nbsp; An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents.&nbsp;
To understand all these aspects and the issues like GDP and economic slowdown, role of MSMEs, women participation in economy and many more tune into our latest series Indian Economy Explained.
This series features insightful discussions with reputed economists, researchers, professors and people working in the financial sector.

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