Govt's overconfidence: Why India is no longer fastest-growing big economy

PM Narendra Modi and his ministers stressed that, under his administration, India had become the world's 'fastest-growing large economy'

When running for reelection, India’s Prime Minister Narendra Modi and his ministers stressed that, under his administration, India had become the world’s “fastest-growing large economy.” This was never much of an achievement; after all, the People’s Republic of China was in the midst of a significant slowdown even before the trade war. But even that no longer seems to be true. According to data published recently by government statisticians, India grew at only 5.8% in the fourth quarter of its 2018-19 financial year, less than China’s 6.4% growth in that same period. (India’s financial year begins in April.)

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