IMA Analysis

Tuesday November 1, 2016

Economic Recovery

In recent months, conventional indicators have been generating conflicting signals with respect to the nature and pace of India’s economic recovery. GDP growth suggests robustness, rising from under 5% to over 7.5%. However, other indicators such as IIP growth, bank credit expansion and capacity utilisation levels, seem to assert the opposite. A deeper analysis would seem warranted, and as this paper explains, there is more to this picture.

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