1. Give a brief analysis of India's economic performance in the recent past (till December 2019), particularly for the last five years (You may like to consider a longer period). You need to analyse the important macroeconomic parameters viz. GDP growth rate, inflation, exchange rate movements, fiscal deficit, unemployment etc. (your analysis MUST cover these aspects, but may also include other important macroeconomic fundamentals).

What do you think were the major challenges facing the Indian economy (before the outbreak of the COVID-19 pandemic)?