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#EconomicUpturn
It's not just hope, its figures!
India’s economic indicators telling a story—of growth, recovery, robustness
A 7.2 % growth coming on top of a base of 9.1% is a creditable performance, and a deeper look at the data revealed it to be true.
theprint.in/opinion/newsma…
It's not just hope, its figures!
India’s economic indicators telling a story—of growth, recovery, robustness
A 7.2 % growth coming on top of a base of 9.1% is a creditable performance, and a deeper look at the data revealed it to be true.
theprint.in/opinion/newsma…
Those who said the 7.2% growth was lower than last year's 9.1% omitted to add that 9.1% growth was on the back of pandemic year 2020-21 during which our economy contracted.
Also the Govt. managed the fiscal deficit at 6.3%, the target it set for 2023-23.
Also the Govt. managed the fiscal deficit at 6.3%, the target it set for 2023-23.
The manufacturing sector which grew at a just 1.3% for the full 2022-23, picked up pace at 4.5% in the last quarter, which hopefully signals an upturn in 2023-24.
Spending is still worryingly lower but there is enough anecdotal evidence to show the better-off are splurging.
Spending is still worryingly lower but there is enough anecdotal evidence to show the better-off are splurging.
