दो नमबारि

1 sad thing; GDP growing at 5% , not 7.1%

Last quarter numbers are in. Official data says that GDP grew by 7.1% in the march quarter. Is Indian economy recovering?

No, it is not:

• Due to the lower base of past years, growth numbers seem higher.
• CSO did not account the deflators such as demonetization and GST.

Why it is not recovering.
Puja Mehra analyzed four years of NDA. She cited four engines of growth aren’t firing.

• Government investments depend upon a growing economy, which isn’t.
• Private investments are negligible. Private sector services declined such as construction.
• Low exports and high value of rupee.
• Private consumption; Demonetization and GST mess.

Worth reading: Understanding slowdown & NDA’s score card