Is the Modi government going to declare a financial emergency?
We do not know what Modi does but, I feel it is necessary and inevitable to declare financial emergency in India because 1) The economic activity is totally stalled during lockdown period 2) Pot lock down, national and international economy will slow down. Export and import will come down 3) So GDP and percapita income will come down . 4) As a result government tax incomes would come down. This effect will continue for at least six months . Hence economic emergency becomes inevitable .