GDP growth at decade-low, doesn’t stop populism

Arguing that India’s FY13 GDP is at a decadal low of 4.5% is not quite correct because, in FY03 when GDP collapsed to 4%, this was on the back of a massive drought and agriculture contracting 6.6%—in contrast, agriculture grew a low but positive 1.4% in FY13, a year for which the revised data has just been put out.

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