Indian economy is in deep financial crisis, reveals former Indian Finance minister

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Indian economy is in deep financial crisis, reveals former Indian Finance minister

NEW DELHI - Former Indian Finance Minister Yashwant Sinha has said India’s economy is in a very deep crisis, witnessing decrease in demand and growth rates.

Talking to media in New Delhi, he said Modi government is befooling people by its brave talks that the growth would be better in the next quarter.

He said the official data released recently shows that India’s second quarter GDP growth has slumped drastically to 4.5 per cent and is at its lowest in over six years.

He said India is passing through a deep financial crisis.

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