Deciphering the State of Indian Economy
Present Situation
Data released by NSO suggests that GDP (Gross Domestic Product) growth for July-September 2019 came down to 4.55%, the slowest since 4th Quarter (Q4) of 2013. An economy’s GDP is normally determined by the sum of 4 indicators as shown below.
- Government Expenditure: The government expenditure grew by 15.64% and pushed up economic growth to 4.55%.
- Non-Government Expenditure: Non-government part forms 87-92% of the economy. In Q4, it grew at 3.05%. Various instances are:
- Consumption: It expanded to 5.06%, from the preceding quarter’s 3.1% but is still way too less considering India is a consumption-driven economy.
- Core Industries: It comprises of ....
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