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First Quarter GDP Estimates for 2022-23*
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Sep 12th 2022, Prabhat Patnaik
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The
estimates of Gross Domestic Product for the April-June
quarter released by the government on August 31 paint
a dismal picture of the Indian economy. Since the GDP
in real terms (at 2011-12 prices) shows an increase
of 13.5 per cent over the first quarter GDP a year ago,
and since 13.5 per cent appears an impressive figure,
official spokespersons have been putting a cheerful
gloss over it.
*
This article was originally published in People's
Democracy on September 11, 2022.
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