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Verity FinSolutions Pvt. Ltd. Profile picture
Verity FinSolutions Pvt. Ltd.
@Verity_FinSol
The obvious rarely happens, the unexpected constantly occurs.
Aug 31, 2019 • 13 tweets • 4 min read
A simple understanding of the slowdown that has gripped us since 2015 (we are discounting all growth numbers put out) #EconomicSlowdown
Demographics bite–India’s Unemployment rate has spiked from 3.5% in 2010 to over 6% in 2018 : some estimates put this no. At over 9% for 2019 Gross Domestic Savings rate as a % of GDP has fallen from 34% in 2010 to 29% in 2018 – FYI we grew from 22% in 1991 to 26% in 1995 and from 28% in 2003 to 34% in 2010 (the so called boom years)
Gross Investment has fallen from a high of 41% of GDP in 2012 to 32% in FY 18