ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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India's Recent Growth

Miracle or Mirage?

Comparing across 42 countries, it is argued that India's gross domestic product growth rate, which is the highest in the world, does not appear to reflect in other key indicators of the economy, where the country fares relatively poorly.

India’s contemporary gross domestic product (GDP) growth is considered remarkable, perhaps even a miracle. Her GDP growth rate is considered one bright spot of economic data in an otherwise gloomy global scenario. This is what the facts suggest.

Some data have been released recently by the Economist, the British weekly magazine on economics and business. A comprehensive suite of data for several countries are also presented by the weekly. These country-by-country data permit a comprehensive and comparative assessment of the economic performance of the world’s largest and most important economies.

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