he recently published figure of India’s Gross Domestic Product (GDP) shows that it increased by 20.1% in the first quarter of year 2021-22. While the percentage figure looks splendid, it was because of the base-effect. The percentage rise in the GDP was as compared to the GDP of First quarter of year 2020-21. This was the time when India implemented a stringent lockdown because of the covid outbreak, which resulted in a massive 23.9% of contraction in India’s GDP. So the real way of looking at this number is that India’s GDP during this period is lower that what it was in April-June 2018.Read More What Can We Expect Out Of India’s Economy?
But, over the years GDP, as a measure, has become increasingly flawed. Some flaws are rooted right in its origin, and some have developed over the years. To start, let us look at some of them in the above formulaRead More Why ‘NOT’ To Trust GDP
No Indian institute has been able to get into the top 100 of the QS World University Rankings 2021. This is one of the prominent reasons to why there has been a large amount of brain drain from India. The mediocrity of Indian institutions has led to good brains fleeing away from the country. And like everything else, it has an impact on the Indian economy.Read More The Impact of Brain Drain on Indian Economy