Economic Crisis: Decline in Aggregate Demand from Automobiles to Biscuits
Dr TM Thomas Isaac, Minister of Finance, Kerala, talks about the deepening economic crisis in India, focusing on how the last quarter growth has just been 5%, down from 8% from the first quarter of 2018.
Dr TM Thomas Isaac, Minister of Finance, Kerala, talks about the deepening economic crisis in India, focusing on how the last quarter growth has just been 5%, down from 8% from the first quarter of 2018. This steep and steady decline has been blamed on 'structural problems', but he says that this points to the problem of aggregate demand coming down - right from automobile to biscuits.
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