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Resource centre on India's rural distress
 
 

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

-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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