It's expected to be a historic high for India's GDP when the numbers come in today. However, the expected 20% growth rate do not call for celebrations yet. The high growth rate, coming as it does on the back of extremely poor GDP figures over the past few quarters. So, the expected bump will be due to the low 'base effect' and all it will show us is that we are getting close to where the economy was before Covid hit it in the same quarter of last year.
from Times of India https://ift.tt/2Y1yzNV
Tuesday, August 31, 2021
Why you will hear of the best-ever GDP growth today https://ift.tt/eA8V8J
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment