Question

Why is a big country like India down in growth rate than small countries like UAE and Sri Lanka​. Explain​

Answer 1

Answer:

This is because in several indicators of development, such as per capita income, poverty, undernourishment, hunger, farm employment and adoption of B2C e-commerce, India still lags even some of these developing nations.

Answer 2

As the ripples of demonetisation and a poorly designed and hastily implemented Goods and Services Tax (GST) spread through an economy that was already struggling with massive bad loans in the banking system, the GDP growth rate steadily fell from over 8% in FY17 to about 4% in FY20, just before Covid-19 hit the country .