The Indian economy grew by 13.5 percent in the April-June quarter of 2022, according to data released by the National Statistical Office on Wednesday. This figure may sound impressive, especially given the dismal numbers over the past two years, but there is more than meets the eye.
According to an analysis published in Mint, the right way of looking at the GDP growth in the last quarter would be to compare it with the June quarter of 2019. “The overall GDP growth over a three-year period since then is 3.84 percent, implying annual growth of 1.26 percent,” the analysis by journalist and economic analyst Vivek Kaul reads. “Hence, the economy has barely grown over the last three years.”
