Analysts v/s Economists PoV: GDP numbers
*This is just an informative post. Two different views are compiled and no opinion whatsoever is given.* Let us get straight to the facts (sorry for not having many figures, but I do believe in the saying "statistics don't bleed") which have been causing a lot of debate over the past one month - 1. GDP growth rate of India for the Jan-March quarter 2016 - 7.9% 2. GDP growth rate of India for 2015-16 - 7.6% 3. Export growth for 2015-16 - (15.8)% 3. WPI has been negative for the past 17 months. More than 50% of the items in the WPI basket have seen a steady decline for that period. Mostly it is driven by imports (crude and steel) 4. Discrepancy in the GDP - 1 lakh 40 thousand crore. An exponential 300% growth of 1 lakh 13 thousand crore INR 5. Employment is down and agricultural wages have been falling Analysts PoV: Almost every analyst who has been working on the Indian sector has criticised the GDP growth numbers. The number crunching tells us t...