STAGNATED OR SLOWING ECONOMY: MATTER OF CAUTION
STAGNATED OR SLOWING ECONOMY.jpg
https://www.thehindu.com/opinion/cartoon/cartoonscape-december-4-2019/article30151575.ece?homepage=true
“View: India's economy is in crisis after reduced GDP estimate: If India’s growing so fast, why do most other indicators suggest the economy is stagnating or slowing?
Unfortunately, that claim looks increasingly unsupportable. Earlier this month, official government figures revealed that the economy had been slowing for three quarters.
After months of denial, the government also admitted that unemployment is higher than it has been for four decades.
Now, Arvind Subramanian, a well-regarded economist who was till last year one of Modi’s most senior advisers, has argued in a Harvard working paper that India’s official figures overestimate growth by several percentage points  :   Bloomberg|Updated: June 14, 2019, 10.17 AM IST”: THE  ECONMIC TIMES
“At an election rally in Pune in October, Prime Minister Narendra Modi is reported to have said that the economy is on course to achieve the $5 trillion mark by 2024…” THE HINDU
https://www.thehindu.com/opinion/cartoon/cartoonscape-december-4-2019/article30151575.ece?homepage=true
Observed By: Balbir Singh Sooch- Sikh Vichar Manch
First Posted On: December 4, 2019, 10:52 AM (IST)
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https://www.thehindu.com/opinion/cartoon/cartoonscape-december-4-2019/article30151575.ece?homepage=true