Video: State of India’s Economy Far Worse than Govt Admits, GDP Will Shrink 29% This Year - Economist Arun Kumar interviewed by Karan Thapar | Jan 30, 2021

In an interview that will come as a shock to most people and will probably be strenuously refuted by the government, one of India’s highly regarded economists has said that this financial year GDP will shrink by 29% whilst the Central government’s fiscal deficit will cross 15%. Speaking 48 hours before the budget, Prof. Arun Kumar, the Malcolm S. Adiseshiah Professor at the Institute of Social Sciences and earlier Professor at Jawaharlal Nehru University, says that his calculations show that in Q1 GDP shrank by 50% and not 23.9% as the government has claimed