Growth calls for an emphasis on our connectivity infrastructure
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The second advance estimate (SAE) of gross domestic product (GDP) for the current year 2020-21 has not given joy, even though India’s third-quarter growth rate is in positive territory at 0.4%, after two successive quarters of negative growth. There were higher expectations from the “festive quarter". The growth rate for the whole year has been revised down a touch, from -7.7% in the first advance estimate to -8%. There was no base effect, since the GDP growth rate for 2019-20 was also revised down, from 4.2% to 4.0%.