India’s growth story has turned upside down in just five years. From a GDP growth of 7.5 percent in the Jan-March 2015 quarter yielding India as the world’s fastest-growing economy,it plummeted to a 24 per cent contraction in the same quarter of the current fiscal. While the pandemic seems to be the obvious reason, or was it an unavoidable crisis, is debatable,India must be the phoenix and rise from the ashes. The mood has changed from that of doom and gloom to shy, guarded optimism of late. Many have suggested that the worst is over and there is a shore in sight. Some of the industry’s best-known thought leaders discuss
the state of the economy and the measures needed for its speedy recovery.