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According to the latest estimates released by the government, India’s GDP contracted by 7.3% in 2020-2021. This is significant because from the early 1990s till the Covid-19 pandemic hit, India on an average grew every year by 7%.
Though Covid is not the only thing at play here. In his recent piece for the Indian Express, Udit Misra explains that the economy has actually been steadily worsening under the Modi government, which last week completed its 7 years in power.
In this episode, he talks about five different metrics that show us how the economy has fared since 2014 – GDP, unemployment, inflation rate, fiscal deficit, and the value of rupee against the dollar.
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