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Why economists aren't buying PM Modi's high-decibel spiel on green shoots

Some, in fact, see downside risks even to their own assessment of economic contraction in FY21

GDP growth
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Indivjal Dhasmana New Delhi
Everyone, from Prime Minister Narendra Modi to Finance Minister Nirmala Sitharaman to Niti Aayog CEO Amitabh Kant to GST Network, has pointed to green shoots of recovery emerging in the economy. 

However, none of the economists have scaled up the Prime Minister's projections for the economy during 2020-21. If green shoots are indeed there, why are economists not revising up their forecasts?  

In fact, some of them see downside risks even to their own assessment of economic contraction in FY21.

In his recent remarks, Modi based his assessment of green shoots on power consumption, fertiliser sales, kharif sowing, exports, and

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First Published: Jul 15 2020 | 9:23 PM IST

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