What the Q1 GDP numbers say -C Rangarajan and DK Srivastava

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published Published on Sep 13, 2021   modified Modified on Sep 13, 2021

-The Hindu

With improved revenues, government must increase expenditures to push consumption and investment

India’s GDP data for Q1 of 2021-22 was released by the National Statistical Office (NSO) on August 31, 2021. Real GDP growth at 20.1% in Q1 of 2021-22 is largely because of the contraction of 24.4% in the corresponding quarter of the first COVID-19 year, that is, 2020-21. Even with this high growth, the magnitude of real GDP fell short of the corresponding level in 2019-20 by a margin of 3.3 lakh crore. A growth rate of 32.3% was required in Q1 of 2021-22 for achieving the same level of real GDP as in Q1 of 2019-20.

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The Hindu, 13 September, 2021, https://www.thehindu.com/opinion/op-ed/what-the-q1-gdp-numbers-say/article36422391.ece?homepage=true

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