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Indian economy

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One: Vice-Chairman of the Government of India-run National Institution for Transforming India (NITI) Rajiv Kumar says that the economic slowdown is “unprecedented in the last 70 years.” Two: According to ICRA Limited, an independent credit rating agency, “Bank credit growth may decelerate…which will be the lowest in the last 58 years.” Business Today, the Indian fortnightly business magazine, wrote: “Bank credit growth likely to fall to 58-year low in FY20.”

Three: The National Sample Survey Office says that unemployment in India is at a 45-year high. According to India Today, “Cat finally out of the bag: Unemployment at 45-year high…..” According to The Hindu, “The leaked report on periodic labour force survey (PLFS)…had on comparison with previous surveys concluded that the joblessness was at........

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