Government’s measures show that it is responsive to the economic slowdown | The Indian Express

Government’s measures show that it is responsive to the economic slowdown | The Indian Express

Written by Amit Malviya, Kishore Desai |Updated: September 13, 2019 11:27:49 am

Amit Malviya is the BJP’s National Convenor, Information & Technology, and tweets @amitmalviya

Kishore Desai is a public policy professional.

Government’s measures show that it is responsive to the economic slowdown

While economic alarmists from certain quarters may continue to spread the not so festive cheer, hard facts point towards a healthy Indian economy well on its way towards a decisive turnaround.

Data and arguments presented in the above paragraphs indicate that the economy today is “structurally” robust and stronger than it has been in the recent past.

The National Statistical Office recently released estimates of the GDP for Q1 2019-20. As per the release, India’s GDP in the first quarter grew by 5 per cent. This was one of the slowest quarterly growth rates in the recent past and it comes in the backdrop of a consistent slowdown in growth for the last five quarters.