The predicament of Modi
government on economic front is not going to be lessening. Reserve Bank of
India has said that the banks trapped in the debt (NPA) shall increase. The
central bank has warned in its financial stability report released on Friday
that the debt sanctioned to the real estate sector has increased the NPA to 7.3
in June 2019 in comparison of 5.74% of June 2018.
The condition of government
banks on this front is much more bad because the NPA has increased from 15 % to
18. 71% in the matter like loan. Total NPA of government bank is being told
more than 10 lakh crore.
From the past sometimes
negative news is being prevailed constantly for the economy.
A few days ago IMF has said
that Indian economy is in critical condition and it needs immediate stepwise
refurbishing.
After this Arvind
Subramanyam, former economic advisor of BJP government, had said a little something.
The statement was: 'Indian economy is moving towards ICU.' Arvind Subramaniam
has said it is not a normal economic bad condition, but the condition is too
critical.
He said that the primary gestures for economy
either gives negative growth rate or it shows nominal growth.
