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LATEST NEWS UPDATES | No green shoots of a revival in sight as yet -R Nagaraj

No green shoots of a revival in sight as yet -R Nagaraj

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published Published on Mar 9, 2020   modified Modified on Mar 9, 2020

-The Hindu

The latest GDP data show that there has been an undeniable decline in the growth rate over seven consecutive quarters

On February 28, as per its release calendar, the National Statistical Office (NSO) put out the third quarter gross domestic product (GDP) estimates, that is, for October-December 2020. It showed that domestic output grew at 4.7% at constant prices (that is, net of inflation), compared to the same period the previous year. As the third quarter GDP was marginally higher than the second quarter (July-September 2020) figure of 4.5% (as reported in the earlier data released), experts in the media were quick to infer that the economy is turning around. This was also in line with expectations of many forecasters. Hence, many concluded that the economic slowdown witnessed during the last six quarters has “bottomed out”; government spokespersons endorsed the view.

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The Hindu, 9 March, 2020, https://www.thehindu.com/opinion/lead/no-green-shoots-of-a-revival-in-sight-as-yet/article31016861.ece?homepage=true


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