Fall in GDP alarming; time for bureaucracy to take meaningful action: Raghuram Rajan

"The sharp decline in economic growth should alarm us all. The 23.9 per cent contraction in India (and the numbers will probably be worse when we get estimates of the damage in the informal sector) compares with a drop of 12.4 per cent in Italy and 9.5 per cent in the United States, two of the most COVID-19-affected advanced countries,"Rajan wrote in a post.

from Economy-News-Economic Times https://ift.tt/35cH7mL