At the beginning of the new year, the country's growth rate estimates will decline

The government has announced a number of concessions to boost the economy in the gloom of the recession. There is no favorable impact on the economy right now.

Economic experts believe the move will be seen in the near future. On the other side of the movement, India's growth rate estimates are being reduced by several rating agencies and institutions.

These agencies and organizations clearly state that the economy is being chased on different fronts due to various adversities. This situation is also unlikely to improve rapidly in the coming New Year.

Last October, the IMF raised concerns about growth by lowering growth estimates. Since then, at the end of the calendar year, he has once again expressed concern over the issue. Geeta Gopinath categorically stated that the economy is worsening due to various adverse conditions.

The fiscal deficit situation has been challenging. Given that the government will miss the target. The important thing is that the problem that arises in India is the financial sector. The government will have to resolve this problem sooner or else the adverse environment will be more prevalent, whose steps have also raised doubts about the target for India's economy to be around five lakh crore by 3-4.

The data that has recently been touched on the economy due to various adversities are very serious. Following the study of the data, the IMF will significantly reduce India's growth projections in January. However, he declined to say what the GDP growth estimate would be. He also refused to comment on whether the estimate would go below five per cent.

On the GDP growth rate, the IMF economist said, "India's GDP growth has been 5% in the last six years against which India should achieve nominal growth of 5% and real growth of 3-5%." If the economy is developed in this way, then the Indian economy can become an economy of 1 lakh crore.

At present India's fiscal deficit situation is challenging. The government has set a target of 5.5 percent for the deficit. But, this figure will make the actual figure of the deficit look even higher.

The government has reduced the corporate tax, but on the other hand, the government has not taken any special measures to generate income. India's GDP growth has dropped to the bottom of every five years. Growth rates have been falling for the past six quarters due to various adversities. Given the current circumstances, adversities are likely to prevail in the coming days.