India’s GDP Growth: Confusion Amidst Cheers
Published By: ISAS, NUS | Published Date: February, 15 , 2016India’s latest GDP numbers project 7.6% growth for its economy in 2015-16. But there continues to be confusion over the quality of India’s economic performance as the statistically robust GDP estimates are at variance with some other economic indicators. The paper, while reflecting on the variations and sources of GDP growth, argues private consumption cannot sustain high growth without pick-up in investment and broad-based turnaround in manufacturing.
Author(s): Amitendu Palit | Posted on: Feb 26, 2016 | Views()