Coronavirus impact: Comparing India's economy in the 2 major crisis periods

Topics RBI | Reserve Bank of India | GDP

Das did not mention GDP growth for comparison, but the figures on that front also support his point.
Reserve Bank of India Governor Shaktikanta Das said that fundamentals of the economy are stronger this time than during the crisis period of 2008-09. The data supports what the governor said with a caveat that fiscal deficit situation is likely to worsen from March. Das did not mention GDP growth for comparison, but the figures on that front also support his point. 

 
However, the GDP growth rates given in the chart are based on the 2011-12 base year. The back-dated data on this series is controversial. If we take original growth rate, it was 6.7% in 2008-09.



Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel