Is it true that the economic condition in India is so grave that?
Maximum economy will go in Recession. It is baffles why it is such a state? Funds received from taxes, and dividend from PSU , and RBI are insufficient. Government only can explain. Deficit for the year 3.3 % has reached 77% Out of Rs. 1.76 Crores from RBI as a special dividend Mr. Goel feels it is not sufficient. 1.76 Crores will just amount to cover CAD. So what about fresh investment. Economy survey predicted 15.5 lakh Crores revenue. Where as budget shows 17.2 lakh Crores receipts despite low Collection from GST and IT. It has not been looked well. Many sector Auto, Exports, Sea foods, construction , mining are Agri products are sliding. Rural income is not picking up. Consumption is not up to expectation. Neither there is growth in Saving. The bonus of 1.76 lakh Crores should be used only for economy. Government has committed 70000/_ Crores for 27 states towards environment. Keep fingers crossed.