US EditionIndia's GDP Growth: A Mirage of Strength Amid Weak Foundations
8 Articles
8 Articles
India's GDP Growth: A Mirage of Strength Amid Weak Foundations
India's GDP Growth: A Mirage of Strength Amid Weak Foundations India's economy exhibited seemingly strong GDP growth during the January-March quarter of 2024-25; however, a new report by Systematix Research unveils underlying vulnerabilities. The report highlights that this growth is predominantly fueled by government expenditures, notably in construction, while the manufacturing sector continues to languish.The report points out that though the…
India shows all the signs of a failed middle-income country — first face them to fix things
India's economic engine is sputtering. Income growth for most Indians has stalled, and many young people are unemployed. The informal sector dominates, and productivity remains low. While the stock market thrives, it's disconnected from the reality of stagnant wages and struggling businesses. The government, focused on subsidies, struggles to invest in growth. These are warning signs of a middle-income trap.
In This Economy: Banks Wait, AI Doesn’t
Happy Tuesday, folks! India's financial system saw an avalanche of news last week. The fourth quarter gross domestic product growth shot up to 7.4%, registering the highest quarterly growth in a year. For FY25, India showed a 6.5% GDP growth, maintaining the nation's fastest-growing status.On the flip side, goods and services tax collection rose by more than 16% year-on-year to Rs 2.01 lakh crore in May. This is the second straight month when GS…
Do it yourself: The state of the Indian economy
The National Statistical Office (NSO) released provisional estimates (PE) of the annual growth statistics for the Indian economy, last Friday. The data indicates that the Indian economy grew at a rate of 7.4% (real GDP) in 4QFY25 and at a rate of 6.5% for the full year FY25.The key highlights of the growth data could be listed as follows:FY25 GrowthReal GDP: Estimated at ₹187.97 lakh crore at constant (2011-12) prices.Growth rate: 6.5% compared …
Andleeb Akhtar The Indian economy, which was a symbol of rapid growth last year, is now facing a new challenge. According to official data released for the financial year 2024-25, the country’s gross domestic product (GDP) growth rate has slowed to 6.5 percent — the lowest level in the last four years. In the last financial year, India had established its economic power worldwide with a growth of 9.2 percent, but the recent slowdown has worried …
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