The Hindu Rate of Growth, All Over Again
On Monday, 2nd September, came the news that India’s gross domestic product (GDP) had grown by just 5% in the first quarter of this year, way below the expected 5.7%. Remember, this growth rate is calculated with the revised methodology being used for the past three years or so, and is about 1.5%-2% higher than the number arrived at with the previously used method. Hence, 5% growth under the...
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