What Can We Expect Out Of India’s Economy?

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.

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