It's All In Numbers: Don't Celebrate India's Economic Growth Yet

By LIKHAVEER | INNLIVE

An analysis of the components of the GDP show that there has been a decline in several indicators, and an unexplained rise in some.

The government recently announced that India’s Gross Domestic Product has grown from 7.2% in the December 2015 quarter to 7.9% in the March 2016 quarter. This should be a reason for much celebration, but popular sentiment seems unaffected. This is because the statistical picture being presented doesn’t reflect ground realities.