Although India’s GDP in the first quarter of 2021-22 has grown by more than 20%, India is far from any recovery. In the pre-COVID years, between 2011-12 and 2018-19, India averaged a 5.3% GDP growth in the June quarter. That is the ‘trend’ growth path. Right now, per capita real GDP is 20% lower than what it should have been. It will take a long-time for India to return to that path of economic growth.
No signs of economic recovery in India
Journalist Aunindyo Chakravarty discusses India’s economic situation in light of the latest GDP numbers and explains why the road to recovery is likely to be long for the country
