Indian Economy will grow by 4% in current financial year

Indian Economy will grow above 3.5%. IntelliIndia calculated that it has lost so far 33 days till May 3rd of current financial year.  We will still have 11 financial calendar months. Indian economy has more than 90 percent of the workforce in the unorganized sector. They are already on the verge of economic collapse since all of them have debts which they repay through daily/weekly/monthly payments. 

Many people in bottom of the pyramid believe in chits rather than bank loans. They pay these chits from the daily/monthly amts they earn. Lakhs of small shop vendors have to pay the amounts daily to collection agents. With lockdown, the collection agents cannot move and collect the amt. Without income, the small vendors cannot pay. They have to pay rent, current bills and even have to buy water/medicines. Govt pays 1000 rs. They earn 1000 rs/day. So in no way can lockdown can be extended. 

Indian entrepreneurs will very fastly recoup the gap. All months following May are busy shopping months. Nearly 80% of big ticket items get purchase from Ramzan to Sankranthi season in India. Rest all months have marriage primarily as big movers. Indian economy's GDP is based on productivity and consumer spending. Consumer spending will ensure that nearly 70% of the economy is back on track. The entrepreneurs will ensure that the 3.5% target is crossed and even 4% is achieved. 

Finance Minister can easily ignore the negative ratings of foreign firms since they do not understand the resilience of Indian economy and they have always got their projections wrong when it comes to Indian economy.