Through the economic data fog

The picture of the Indian economy is one of near stagnation between 2011 and 2020, a massive bounce-back in the immediate post-pandemic period, and now muted growth

Illustration: Binay Sinha

Illustration: Binay Sinha

Debashis Basu
There are broadly two views on the Indian economy. One is untrammelled boosterism, the dream of becoming a $5 trillion economy, delivered by an ostensible era of perpetual prosperity, supported by a set of rosy data. Another view is sceptical of such an inference based on a different data set. There are enough data points to support both sides, which makes for, what I call, an economic data fog, leaving us confused about where the economy is truly headed. Consider the growth of gross domestic product (GDP). GDP growth is seen to be the biggest and the most important piece of data that points to the overall trajectory of the economy. For the first three months of this year, nominal
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

First Published: Sep 24 2023 | 9:28 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to