How fast is India growing?

With corporate earnings not meeting expectations and automobile sales plunging in July 2019, the story could get uglier

The title above repeats the one for my article in this newspaper of April 9, 2015, nearly four-and-a-half years ago, written a couple of months after the Central Statistics Office (CSO) brought out estimates of national income and output based on the new 2011-12 base. Some of the doubts and issues I raised then, along with other analysts and even the Economic Survey for 2014-15, were: 

• The sharp upward revision of gross domestic product (GDP) growth in 2013-14 to 6.9 per cent, implying a 2-percentage point acceleration in the GDP growth rate amid prevalent “policy paralysis”, a mini balance of payments