Entrepreneurship: Need of The Hour
"Someone is sitting in the shade today because someone planted a tree long time ago"- Warren Buffet. Indian economy is one of the worst affected economies in the world amid coronavirus. GDP growth rate is -9.6 percent. India has entered into a technical recession for the first time as per an RBI official. If India continues to be in recession for several quarters then India may slip into an economic depression. The IMF(International Monetary Fund) on 24 June projected a sharp contraction of 4.5 percent for the Indian economy in 2020. Hence, this situation is very crucial and if neglected could turn into a catastrophe. The GDP during the April-June quarter had contracted a sharp 23.9 percent, the worst contraction in the history of the Indian economy due to novel coronavirus which resulted in a nationwide lockdown. The GDP for the July-September quarter contracts 7.5 percent as per provisional estimates released by the Ministry of Statistics and Program Implementation. The ...