We should structure public expenditure to get more out of what was built earlier by allocating enough funds for maintenance
The second advance estimate (SAE) of gross domestic product (GDP) for the current year 2020-21 has not given joy, even though India’s third-quarter growth rate is in positive territory at 0.4%, after two successive quarters of negative growth. There were higher expectations from the “festive quarter". The growth rate for the whole year has been revised down a touch, from -7.7% in the first advance estimate to -8%. There was no base effect, since the GDP growth rate for 2019-20 was also revised down, from 4.2% to 4.0%.
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