India's GDP Overestimated? With Aunindyo Chakravarty
In the first five years after the Modi-government came to power, India's GDP grew at an annual rate of 6.7%.
In the first five years after the Modi-government came to power, India's GDP grew at an annual rate of 6.7%. This should have been mirrored by the growth rate of key sectors such as electricity consumption, auto sales, bank credit, home sales, industrial output, among others. However, each of these grew at a significantly lower pace than our GDP. This suggests that India's fabled GDP growth rate is more a mirage than reality.
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