A Hindu Nationalist Perspective
non carborundum, the growth rates are inflation-adjusted. but of course india is rapidly heading towards the nehruvian rate of growth of 2-3%, that which the UPA is comfortable with. and inflation is not 10%, it is closer to 20% in reality.
RajeevReal growth rate is negative by that very logic. Since nominal GDP growth rate is ~17%. If you subtract Govt. figures for inflation then real growth works out to ~7% and if you subtract the actual inflation of 20%, real growth works out to about negative 3%.Of course, a finer point is that 20% inflation approaches hyperinflation, so the working for real GDP changes slightly. Question to fellow corporate stooges working in India : Did the topline of your company grow by 17% or more last year? No? Then how do you figure Indian GDP grew nominally at ~17%. More fudging?
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