What gets missed in India’s growth indicators
Closer reading of numbers show claim of economic boom is misplaced
Closer reading of numbers show claim of economic boom is misplaced
The monthly index improved to 13% in Nov from 7.4% in October. The composite tool that gauges economic activity each month posted an average YoY expansion of 10.2% in Oct-Nov 2022.
From tax collections to credit outflow, capex, sectoral growth, inflation, interest rates, rupee devaluation and external factors, there are challenges to sustaining growth.
Strong domestic demand and steady global investments to ensure India reigns as world’s fastest-growing economy over next few years, says Deloitte India
While a majority of its constituents recorded higher volumes in April 2022 relative to the pre-Covid level, a few trailed their April 2019 levels, indicating the recovery remains incomplete.