Indian economy has seen many downturns, which will surely sound the death knell for us.

downswings, bed
downturns, knell
fluctuations, alarm
aberrations, siren

Correct answer: downturns, knell

Solution

"Downturns" is the appropriate word for economic decline, and "death knell" is a standard idiom meaning a sign of impending failure or end. The other options do not form a natural or idiomatic expression in this context.

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