Three reasons why it may be premature to celebrate India's GDP at 7.3%

0
815

0 (1)

By Dinesh Unnikrishnan 

The 7.5 per cent growth in Gross Domestic Product (GDP) recorded in the fourth quarter (the number for the full fiscal year 2015 is 7.3 per cent) theoretically makes India the fastest growing major economy in the world, beating China (the Chinese economy grew 7 per cent in the March quarter and 7.4 per cent for the full calendar year 2014) and far ahead of other comparable economies.
For the Reserve Bank of India (RBI), which will announce its monetary policy on Tuesday, the GDP numbers are unlikely to claim any major influence on its rate cut stance. A quarter percentage rate cut is a fair expectation.
The GDP numbers are a victory for the NDA government. The NDA has already claimed victory on achieving an economic turnaround during Narendra Modi’s first year of rule. True, the status of being the fastest growing economy gives a perception boost to India before the world. But even while the prevalent mood may be one of celebration, a little caution is warranted. A check would reveal that the GDP numbers aren’t as solid as it appears just yet.
“Read the Full Article at www.firstpost.com >>>>”

ATTENTION READERS

We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous articleTPP: $3.5 Trillion Stolen, Gold Price Rigging, Colour Revolutions and hanging out with BRICS
Next articleRamadi 2: Saudi Forces Running for Their Lives in Jizan