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Headline: 21-8-5-4!

The country’s gross domestic product (GNP) grew rapidly in the four quarters of the financial year ended March 31 this year.

A poor horse is better than a horse.

Despite being in the editorial headline, the numbers are actually 20.9 percent, 8.5 percent, 5.4 percent and 4.1 percent. It shows the growth rate of the country’s gross domestic product (GDP) in the four quarters of the financial year ended March 31 this year. That is, the country’s gross domestic product (GDP) grew by 20.9 per cent in the first quarter of April 1, 2021. It fell to 8.5 percent in the following quarter, and then to 5.4 percent. This means that the country’s economy has been steadily declining over the past few years. This is the true meaning of burning up of bad psychic imprints. But without realizing it, even though social media and truly innocent devotees have started a bonfire about the horse race of economic progress, there is no cure for it. Acknowledge the fact that efforts to raise awareness are fundamentally lacking. Those who want to be happy do not need to be discouraged. For others, the meaning of these latest statistics should be discussed. Because the released figures are proposed. Not final. In fact, the sum of these four together averages 9.7 percent. But it is not so. Most of these will change once the actual details become available. But that is not all.

The government says the economy will grow by 8.7 percent by 2022 after the release of these figures, not intended to discourage those who celebrate and engage in the world’s fastest-growing economy. However, the 8.7 per cent growth was related to a 6.6 per cent contraction below zero last year. Those who get 15 marks out of 100 fail can not be happy that their marks will increase by 100 per cent next year. Because even after these eye-popping steps the actual score was only 30. So an eight percent increase from that level after being six percent below zero means that if we understand the actual increase, the bubble of meaning will not grow larger. It just has to be coincidental; But allegations that both the RBI and the Central Bureau of Statistics helped inflate the bubble cannot be ruled out. The RBI estimates an annual growth rate of 9.5 percent. Reached 8.7 per cent. The RBI had forecast a 6.11 per cent growth in the economy for the quarter ended March 31 last year, while real growth was only 4 per cent. In comparison, the Office of Statistical Office estimates are very close to reality (8.9 percent and 4.8 percent, respectively). However, there is no doubt that the economy has not grown as much as expected. However, it is true that our economy is growing faster than China or any other large country. But in order to fully enjoy that truth one must know the whole truth. That takes into account the difference between three to four per cent growth in a six trillion dollar economy and eight per cent growth in a two and a half trillion dollar economy. Even so, owning one is still beyond the reach of the average person.

According to the Office of Statistics, our country’s gross domestic product is Rs 147 lakh crore. In the coronation years i.e. 2019-20 it will be Rs. 145 lakh crores. There are many. That is an increase of only Rs two lakh crore in the two years from 2019-20 to 2021-22. That is only 1.5 percent! Telling you how the economy started and how different the reality is will make sense depending on these government figures. Of course, it is always better to move forward with ant speed than to be surprised. Welcome to it. But the speed of this ant should not be determined by horse racing, etc., just a reasonable expectation. Looking deeper, the latest figures also show that our economy is in a quandary.

Agriculture plays a major role in the country’s gross domestic product. The political significance of this region is also great. That is why we all get up and serve the word of the King. But in reality our agricultural sector looks set to shrink in 2021-22 compared to 2020-21. The sector grew by 3.3 per cent last year. She looks three percent this year. Industries, services, etc. flourished during this period. However, the telecom sector collapsed. However the loss of acreage to be maintained at the port is a serious matter. The sector had a turnover of 6.8 per cent in the last financial year. But in one year the region has shrunk so much that the growth rate of the region has dropped to 0.6 per cent above zero. In fact, when the economy is in full swing, commodity turnover increases. But if the same factor is showing deficit growth, then the question is how much to trust other speed claims. This is compounded by the recent increase in Goods / Services Tax (GST) collections in recent months. But it is a well-known fact that if the rate of inflation is high, the income from goods / services tax will automatically increase without doing anything! But even in the absence of it there is no other way but to remain silent at the sight of those who happily say to each other ‘see how the tax revenue on goods / services has increased’.

Since we have a culture of looking at statistics with a biased view, those who claim to be doing great work in India will do so and those who believe in it will keep it. But progress always depends on an honest analysis that we are weaker than what is good for us. Only then can the present be grasped for a brighter future. For this, rather than any obsession, the meaning of these latest statistics must be taken into account. The answer ‘no’ is not a substitute for ‘good’. The latest figures for the economy say the same. Even so, owning one is still beyond the reach of the average person.

Web Title: India’s GDP growth rate is the slowest growth rate in the Indian economy zws

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2022-06-01 19:37:00

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