The government on Wednesday released its estimates for gross domestic product (GDP) in the first quarter of the ongoing financial year, 2022-23. Our editorial notes in this context that, given the base effect, growth of 13.5 per cent is a clear disappointment. Most expectations were for quarterly GDP growth in the 15 to 16 per cent range, year on year. Read here
The growth trend for the next three years is likely to be 5-6 per cent. It signals the need for attention to the economy, with less distractions, diversions, and disruptions. Government can lead with payment