Recovery depends on the plan the government has to solve the stresses
The GDP (gross domestic product) number controversy is hugely important for all those looking at stock market-linked returns for their money. Retail investors who are today pouring in almost ₹1 trillion a year, or about ₹8,000 crore a month, in equity funds, are basing their investments on Indian growth. That this 7-8% growth could have been false is cause for concern to these households. What happened to make them worry is this: India’s former chief economic adviser (CEA) Arvind Subramanian gave legs to the idea that India’s growth numbers were overstated in his paper, titled India’s GDP Mis-estimation: Likelihood, Magnitudes,Mechanisms, and Implications.