INDIA’S GDP GROWTH @13.5% ON A FIRST QUARTERLY BASIS:- BY “NSO”
GDP GROWTH RATE COMPARISON AMONG VARIOUS COUNTRIES IN THE FIRST QUARTER.
While Comparing, the GDP growth number of various countries, globally after facing Covid-19.INDIA’S GDP GROWTH @13.5% ON A FIRST QUARTERLY made remarkable growth, but 13.5% is still disappointing when discussed in India.
INDIA ⇒ 13.5 %
FRANCE ⇒ 0.5
U.K ⇒ 0.1%
U.S.A ⇒ 0.6%
CHINA ⇒ 0.4%
As various polls of economists and analysts had forecasted India’s GDP growth would grow up to 15.2 % in the first quarter. But the expected growth has not been seen this quarter.
So, India still has so much to do to enhance our economy at a faster or predicted rate.
Reason for the slow growth of GDP in India:
- As per the report, India is facing the problem of unemployment these days.
- The manufacturing sector is recently not growing as per the expected predictions, therefore India also allowed Chinese companies to start manufacturing in India.
- Low base effect.
- Inflation in India is around 7%.
Still, we need to wait and watch that will the growth of our GDP could attain the forecasted numbers in the next quarter. ?
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