Context: Taking a cue from higher growth in Q1 2021-22, government must increase expenditures to push consumption and investment.
Key insights from India’s 20.1% Q1 GDP growth
Conclusion: Even a growth rate of 9.5% in 2021-22 will mean that over two years, the Indian economy had an annual growth rate of 1.1%. The real test of Indian economy will be to continue 7% growth rate from 2022-23.