Individuals associated with Sangh Parivar often cite Angus Maddison to support their narrative that India’s economic past was that of a golden bird. However, this is mere cherry-picking, and when looked at in its entirety, Maddison’s findings about India’s past are not that flattering. They show that the golden Hindu period is a mere fantasy.
In a promising outlook for the Indian economy, it is anticipated that the growth rate for FY24 will likely reach or exceed 7%, with predictions suggesting a continuation of this trend into FY25.
The government has come up with a new pre-budget presentation that acts as a spreader of pre-poll optimism, but its broad sweep offers only a partial view of the economy at best. The idea’s good, but this is a missed opportunity, unfortunately.
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