Economy Shrunk But Govt Did Not Spend As Much As Last Year

by Rahul Gautam Nov 29, 2020 • 03:56 PM Views 1024

According to data released by the National Statistics Office (NSO), India's GDP has shrunk by 7.5 percent in the second quarter of July-September. But the latest data shows that in the July-September quarter, the amount of money that the government spends for running the government and welfare schemes has actually decreased. This means that the benefit of the 20 lakh crore package announced in May has not reached the people and the government has failed to put more money in the economy