As against India’s real growth rate of 6.8 per cent in 2018, the IMF in its latest World Economic Outlook projected the country’s growth rate at 6.1 per cent for 2019.
WASHINGTON: India’s growth is in barely positive territory, a top American think tank has said, noting that several key indicators are not just slowing down, but in absolute decline.
In a study, two scholars from the Centre for Global Development (CGD) examined new data and found further evidence that India’s growth statistics may be worse than reported, and that IMF forecasts may have the same issues.
"Several key indicators are not just slowing, but in absolute decline, including non-oil imports (-6.6 per cent in current dollars), non-oil exports (-1.6 percent in current dollars), and the index of production of capital and infrastructure goods (-3.5 per cent up to August 2019)," CGD scholars Julian Duggan and Justin Sandefur said.
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