Indian economy continues to decline despite hefty concessions given to the corporates.

The recent media reports on the performance of Indian economy are disturbing. The economy is not showing any sign of improvement, but is deteriorating further. India’s crude steel production has fallen by 3% in January, 2020. Automobile sales continue to decline, with Maruti Susuki sales falling by 2% in February, 2020. Suresh Pal, eminent agricultural economist and director of ICAR has told that, India’s growth in agriculture has declined from 5% to 3%. All these are happening despite Prime Minister, Narendra Modi, gifting Rs.2.15 lakh crores, as tax concessions to the big corporates.