We are growing at a faster rate but we add only $256 billion to our GDP.

The economy will not go into a recession even if there's no govt in India. We will continue to grow at 4-5% because there are farmers, workers, and small industries that produce food grains and other things and services.

The real question is how much more than 4-5% the govt can grow the economy.

This Govt's policies added about 1.5-2% to the inherent growth rate, but that's not sufficient.

We are indeed the fastest-growing economy in the world, but please remember this:

♦️- Growing at 2.7% last year, the US added $787 billion to its GDP in that one year.

♦️- Meanwhile, China grew last year at 4.91%, and it added $895 billion to its GDP.

♦️- We are growing at a faster rate but we add only $256 billion to our GDP.

So, we actually need to see the addition to the GDP and not compare the growth rates.

: Rajya Sabha MP and Former Finance Minister Shri @PChidambaram_IN

It’s the low per capita that needs fixing for which we need educated leadership like MMS and Rao

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Notes of Nagesh

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