“Bad News for Cassandras: India’s 2023-24 GDP ‘Surprise’ was driven by Reforms, Not Freebies”, Swarajyamag, June 1, 2024:
“There’s enough indication that 7 per cent growth in the current fiscal (2024-25) is entirely achievable.
The unexpectedly high GDP print of 8.2 per cent in 2023-24, driven by two quarters of higher-than-expected economic buoyancy, constitutes a superb achievement for the Modi government at the fag end of its second term.
This comes in the context of two other understated achievements: growth has come without letting fiscal spending get out of hand in a pre-election year (in fact, it is better than anticipated), and keeping inflation tethered to a level under 5 per cent now……”
Read the full article at Swarajyamag.com
