Is the economy in really bad shape?
Explained | Is the economy in really bad shape? Vikas Dhoot DECEMBER 29, 2019 00:02 IST UPDATED: DECEMBER 29, 2019 09:49 IST SHARE ARTICLE PRINT A A A MORE-IN The Hindu Explains Is this a result of a cyclical phenomenon or has it been driven by a structural malaise arising from deficiencies in the economic framework? The story so far: On November 30 this year, India’s statistical machinery revealed that growth in the quarter from July to September had slipped to 4.5%. This was the lowest level recorded in six-and-a-half years, with the 6.1% nominal GDP growth (real growth plus inflation) coming in as the slowest in a decade. Compared to the previous quarter when growth clocked 5%, the 4.5% print was not a dramatic downswing, but capped off a slow and steady dip in growth over six quarters in a row — following a robust 8.1% growth recorded between January and March of 2018. Growth in the first half of this f...