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Podcast: In Focus by The Hindu
Episode: What does the GDP growth rate of 7.2% mean in terms of health of the economy?
Description: The government of India has always claimed that India is the fastest growing economy in the world. The latest GDP numbers would seem to buttress that claim. On the back of a fourth quarter growth of 6.1%, the GDP growth for the financial year 2022-23 has been recorded at 7.2%, which is much higher than the earlier RBI projection of 6.8%.On the one hand, this is good news, and of course, good optics. On the other hand, critics have expressed scepticism about the methodology used to arrive at the estimate of 7.2%. They also point out that if we take...