1 year, 3 months ago
Tracking India’s growth trajectory
The HinduThe conventional way to assess a country’s economic situation is to look at the quarterly and annual GDP growth rate and compare it to previous quarters as well as years. The Q1 data covering the GDP growth rate from April to June of FY24 boasts a nominal growth rate of 8% and a real growth rate of 7.8%. Calculating GDP The first factor to consider is that calculating the GDP growth rate involves many complex statistical choices and sophisticated statistical operations. A nuanced approach In conclusion, after a meticulous analysis of India’s Q1 FY24 economic transcript, it becomes palpable that the reported growth narrative might be somewhat overembellished.
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History of this topic
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