India registered a stunning economic rebound during the first quarter of FY21 despite being hit by the second wave of COVID-19 outbreak
In the eight sectors, only crude oil production declined, all other seven sectors saw positive growth in March 2019.
According to the revised GDP numbers released by the government on Wednesday, India’s economic growth under the previous Congress-led coalition government was slower than estimated earlier and was never in double digits.
One underlying reason for India’s growth to accelerate are the fact that the economy is now well transitioned from the tectonic shifts it went through due to successive reforms.
This is the new ground reality politicians in India have to contend with. False narratives will be called out
The estimates are based on figures released by the Agricultural ministry
The Economic Survey of 2017-18 authored by chief economic adviser Arvind Subramanian was tabled today
The tug of war between the political heavyweights continue
The quarterly GDP growth has come down to a 3 year low of 5.7% in Q1 2017-18 but it may not be a huge cause of concern