GDP of Rs 100 lakh crore, but India a sick economy

A landmark awaits India's battered economy at the end of this fiscal: nominal GDP, adjusted for inflation, will cross Rs 100 lakh crore. This assumes 5.5% GDP growth in 2012-13 and 7% inflation — taking nominal GDP, which clocked Rs 89 lakh crore in FY 2011-12, to just over Rs 100 lakh crore for the first time ever. Imagine if India were a professionally run company called India Ltd. This is how its balance sheet would look in a mid-year fiscal review.

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