View: How to pull the Indian economy out of the rut

By shifting to a ‘full potential’ trajectory starting in 2022, over the subsequent decade, we can pull ourselves out of this mess — made messier by a pandemic — by the bootstraps


Recreating growth in the medium term is likely to come from sectoral strategies across 10 key sectors constituting most of India’s GDP. Dormant resources — both of enterprises and governments — must be put into service, requiring a special focus on balance sheets.

The ministry of statistics and programme implementation’s (Mospi) release of India’s first-quarter GDP data showing a contraction of 23.9% deserves a sharp intake of breath. With ‘Unlock 4.0’ in place and the future still uncertain, India does find itself in a hard spot.Given India’s GDP is 60% reliant on domestic expenditure, the economy felt the double whammy of demand and supply shocks under lockdown.But domestic demand will also be the

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