TIWN
New Delhi, Sep 22 (TIWN) As economic slowdown is often linked to anxiety and depression, which may also become a reason for suicide, experts suggest that rather than thinking about the future, working people need to live in the present and avoid mulling too much over a distressing situation to cope with stress.
Multiple datasets released recently show that the Indian economy is facing a multi-year slowdown. Some indicators like nominal GDP (NGDP) are worse than 2008-09 levels when a US-triggered recession ultimately wiped out more than $2 trillion in terms of global economic growth potential. But India's economic story during the last US recession, which ultimately spread across over 50 countries in Europe and Asia, was different--when top economies of the world saw growth shrink sharply, India consistently registered quarterly growth around 6 per cent through the 12 months of global during from September 2008-2009.
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