Decadal growth I: Momentum is shifting and growth more K-shaped
During FY15-FY24, growths in GDP and average income have gone down compared to the previous decade FY05-FY14, this calls for course correction.
During FY15-FY24, growths in GDP and average income have gone down compared to the previous decade FY05-FY14, this calls for course correction.
Advance estimates from the National Statistical Office (NSO) peg India’s GDP to grow at 5% in FY20 as compared to FY19’s 6.8%; manufacturing is projected to grow just 2%.
According to Central Statistics Office estimates India’s GDP at current prices is expected to touch Rs 188.41 lakh crore in 2018-19.