Is This India's Unofficial Recession Declaration? | Cracknomics Ep 93
Did Modiji unofficially declare a recession this week? Why are the public being told to spend less on petrol and diesel, use less oil in cooking, avoid buying gold — messages like these? Will the public now be responsible for increasing foreign exchange reserves? And what will the government do then? While the PM delivers moral lectures on sacrifice, data from the latest Periodic Labour Force Survey shows unemployment among youth (15–29) has hit 15%, the rupee has plunged to 95.74 per dollar, eight core sectors of the economy have slowed to just 2.3% growth, and foreign portfolio investors have pulled out more money in the first four months of 2026 than in any full year before. Is this an unofficial declaration of recession? And why is the burden being shifted to the public instead of the government taking responsibility? This week in #Cracknomics we separate propaganda from facts and take stock of the current status of the economy. Join The Wire's Youtube Membership and get exclusive content, member-only emojis, live interaction with The Wire's founders, editors and reporters and much more. Memberships to The Wire Crew start at Rs 89/month. https://www.youtube.com/channel/UChWtJey46brNr7qHQpN6KLQ/join
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