India’s Economy Slows Down Just When It Was Supposed to Speed Up

Published On Jan 21, 2025, 12:00 AM

India's economy has shown signs of slowing down after a period of rapid growth following the Covid-19 pandemic. While it was previously touted as the world's fastest-growing major economy, recent statistics indicate a decline in economic growth to 5.4%. The stock market (Nifty 50) has lost its gains from the last six months, and the rupee is depreciating against the dollar, raising concerns about the country's economic stability and future. This situation has led to disillusionment among India’s new middle class and calls into question the Prime Minister's optimistic forecasts.