Rajiv Kumar, the Vice chairperson of NITI Aayog, the policy think tank of Government of India, had pictured the aberrant state of Indian economy in a summit on Thursday, where he said that the government is going through the unprecedented phase of situation which was not seen in last seventy years and had insisted the government to flag significant and extraordinary steps towards reducing the financial stress.

His statement had revealed the ongoing crisis in liquidity market, which was straight opposite to the proclamations and justifications that have been made by Indian government which had portrayed that it will become 5 trillion dollar economy, but the reality has been pictured by the top official of NITI Aayog who sits next to the Prime minister as its vice chairperson. Adding to the statement, he also said expressed the mistrust that has been shown by the businesses in the market.

The stage had witnessed the shaking heatwave of Indian economy where he cited the current situation and crisis in liquidity market and thin private investments and urged the government to flag beyond the borders decision to revamp the path that has been unprecedentedly slipping away from what the government had pictured.

He further stated that the financial institutions are rendering the credit facilities to the select few while denying the credit to the most numbers of business which had shown that there is massive crack down on the trust and credibility between the private sectors.

He further stated that most of the businesses in private sectors doesn't prefer to lend to fellow private institution and rather settling down on cash and asked the government to do whatever it can to remove the barricades in the private sector. The experts had echoed the picture of Rajiv Kumar, where they told that our country has been going through economic slowdown due to having huge lack towards lending to companies ahead to which the mechanisms of manufacturing had hit record low.

He added that the state of Indian economy had taken towards darkest episodes in the past four years after it has been directed by Demonetisation and GST, which had screened different paths to the economy that has become much less now. Adding to the row of uncertainties, India's total GDP had seen massive slow down to 5.8% in January-March period after accounting for weak private investments, liquidity crisis and lower growth prospects.

We, ourselves can convince that India is not the only nation in Asia to get stumbled in economy but the economies of several Asian countries had been declined, especially due to the trade tensions between the United States and China.