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Dear Readers,
When 2021 started, policymakers and people alike made the grievous error of assuming that India had seen off the worst of the Covid pandemic. The vicious second wave that struck during April and May made everyone realise how costly that mistake was and prompted the question: Will 2021 be a repeat of 2020 for the Indian economy?
GDP
If you are wondering what GDP is and why it is considered to be the key metric used for evaluating an economy’s performance, read this piece that explains several such questions about it.
Anyway, when the first quarter (April, May, June) GDP data was unveiled, the picture was neither as bad as the critics claimed nor as good as the government would have us believe.
By the time the second quarter (July, August, September) the GDP estimates were released,…
