Deficit Of GDP
Global Economy
Whenever we talk about economy, we people not only mean it by considering only money or a piece of paper but it is a currency that holds the identity of we people as INDIANS.,but by looking at the negative side of this covid pandemic, it reduces day by day.
recently, the world bank has made a report regarding GDP.
In that report they predict on the basis of their knowledge and reasoning that by the end of this year there is deficit in GDP around 5.2%.such type of reduction has come to see after 2nd World War. there is no such area of world that does not fall in the reduction of GDP the prediction is also that there is reduction of 2.7% in the economy of south asia.TO overcome this India keeps taking few steps to increase the economy but, one of the major step took by the india is that, it has imposed 2%DSTon the foreign e-commerce and digital companies like AMAZON,NETFLIX, WHATSAPP and many more... which results in the betterment of economic status of india,not at the large scale but at the remarkable scale bcoz these company trades more than 2 crores annually, and this number(2 crore) increases in the future bcoz we people let them to earn,as the no of users of these digital companies in india increases at the fastest rate and mainly during this covid period. as u know guys, at present around 40 lakhs are users of WHAT'SAPP and more than 62 lakhs are users ofGOOGLE
At the last ,i would say adopt swadeshi goods and boycott foreign goods,as our modiji(prime minister) emphasis as well.
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