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LATEST NEWS UPDATES | $5 trillion economy by 2024? Magic realism at play given current low -Maitreesh Ghatak

$5 trillion economy by 2024? Magic realism at play given current low -Maitreesh Ghatak

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published Published on Jan 12, 2020   modified Modified on Jan 12, 2020
-NDTV

Lately, the January releases from the Central Statistics Office (CSO) about the advanced estimates of national income have a touch of seasonal chill. The estimate of the real GDP growth rate for 2019-20 has touched 5%, falling from 6.8% in 2018-19, continuing a downward slide that started in 2016-17. This is the lowest growth rate since 2008-09, which was the year of the global financial crisis. Indeed, in the entire post-liberalization era, there were only three other years when the growth rate was lower.

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NDTV, 10 January, 2020, https://www.ndtv.com/opinion/5-trillion-dollar-economy-by-2024-magic-realism-at-play-given-current-low-2161831?pfrom=home-opinion


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