India is not the Fastest Growing Big Economy

A closer look at recent data on GDP shows that the numbers are flawed and recovery is incomplete

The Provisional Estimates of Annual National Income in 2021-22 just released show that GDP grew 8.7% in real terms and 19.5% in nominal terms (including inflation). It makes India the fastest-growing major economy in the world. Further, the real economy is 1.51% larger than it was in 2019-20, just before the…

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Arun Kumar

Professor Arun Kumar, Distinguished Fellow at TPF, is the Malcolm Adisheshiah Chair Professor at the Institute of Social Sciences, New Delhi and was formerly professor of economics at Jawaharlal Nehru University from 1984 to 2015. He has an MA (Physics) from Princeton University, USA and PhD (Economics) from JNU. His recent book (published in Dec 2020), Indian Economy's Greatest Crisis:Impact of The Corona Virus and The road Ahead, has generated great interest and discussion.