Post
Topic
Board Economics
Re: India's highest economic growth ever,GDP growth 20.1%
by
Sithara007
on 02/09/2021, 02:51:13 UTC
It is an absolutely misrepresented number, the government has given 20% growth from Q1 2020-21 to Q1 2021-22, while Q1 2020-21 was a complete lockdown quarter in which lockdown opened merely for 10-15 days whole Q1 2021-2022 had two proper months of functioning of Economy, the comparison is being done with an outlier, while Indian government was giving excuses about lockdown when GDP fell down by 24% Quarter on Quarter in 2020-21, now they are coming ahead and taking credit for this. Lol

Let me explain, suppose you have something that is worth ₹100, now the prices of that thing fell by 24%(Indian GDP fell by 24% in Q1 2020-21) which means to 76, now it has risen by 20% which means 76 + 20% = 91, this means overall economy has fallen by 9%, Also not to forget, as compared to Q4 2020-21 which was immediately preceeding quarter, the GDP fell by 17%.

Numbers are deceptive unless you read them thoroughly.

Still the numbers indicate that a remarkable recovery was being made.