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Covid triggered the slump, but not the reason for Slow down:
Graph 1 clearly suggests that the investment or Gross capital formation has been falling steadly since the second Quarter of Previous Financial Year and Covid in the first quarter of this Financial year has steepend the fall.
(Not act of God)
Graph -2 points that the demand has been falling continuously and credit growth is languishing in India.Covid just added to the existing fury.The ultra Nationalists may need to understand that “It’s Economy Dammit.” Animosity to a community or Nation may help in electoral gains but not Economy gains.
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