AdvertisementThis piece explained the contents and discontents of India’s GDP growth as it stood at the start of 2023. Simply put, private consumption expenditures, the biggest engine for India’s GDP growth (contributing almost 55% to 60% of India’s annual output), had barely grown in the three preceding years. Contrary to apprehensions, India’s GDP growth, instead of decelerating, has surprised on the upside. Read this analysis of the quarterly GDP data to understand why many question the GDP data. The fact is the relationship between India’s GDP growth and the generation of employment for its people has become weaker over time.

Source: Indian Express December 27, 2023 05:32 UTC