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Curb your enthusiasm

The detail of the GDP data also throws up some inconsistencies, curbing one's enthusiasm from the fear of future data revisions

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4 min read Last Updated : May 31 2023 | 11:31 PM IST

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Recent optimism around India’s growth performance was further validated with the January-March 2023 growth printing at 6.1 per cent — higher than the government’s advance release (residual) estimate of 5.1 per cent. The economy is projected to have grown by a healthy 7.2 per cent in 2022-23, bringing the last two years’ average growth at a stellar 8.1 per cent.

But some context setting is warranted here. This seemingly high growth continues to be influenced by base effects due to the contraction in output seen during the pandemic years. For instance, Q1 growth in FY23 stood at 13.1 per cent, driven

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www-business-standard-com-nalsar.knimbus.com or the Business Standard newspaper

Topics : India GDP India Economic growth

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