GDP - Reality

Nothing to celebrate.... nothing has changed in ground... 

Dr P Thiaga Rajan (PTR)

@ptrmadurai

·

7m

Good example of why numbers must always be seen in context: Take Q1 FY’20 (Apr-Jun 2019) as baseline = 100 Then Q1 FY’21 = 75.6 (24.4% drop) And Q1 FY’22 = 20.1% increase on 75.6 = 90.8 So still 9.2% LOWER than Q1 FY’20 Exemplifies “Low Base” effect Prof

@kaushikcbasu

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Kaushik Basu

@kaushikcbasu

· 1h

It needs just a little arithmetic to see that India's Apr-Jun 2021 growth of 20.1% is shocking bad news. The 20.1% is in comparison to Apr-Jun 2020 when India's GDP had fallen by 24.4%. This means compared to GDP in Apr-Jun 2019 (i.e. 2 years ago) India has had a growth of -9.2%.