India’s GDP grew 8.2%, the highest in two years, during April-June 2018 (Q1 2018-19). The headline growth numbers, however, do not capture the macroeconomic dynamics currently at play in the Indian economy. While the larger economic picture is not one of immediate crisis, there are factors, especially on the external front, which should be cause for concern. Economic growth: The 8% plus GDP growth is more a result of the base effect due to demonetisation’s disruption than any drastic increase in the level of economic activity. This can be seen…
Read More8.2% GDP growth, but how is the economy really doing?
