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Bangladesh's GDP: Why PM Modi Needs to Pay Attention to Comparisons Showing India in Bad Light

5 43 10
23.10.2020

Prime Minister Narendra Modi has repeatedly claimed that India has done very well by managing one the lowest COVID-19 death rates while fuelling a path to economic recovery. Is this claim borne out by hard data?

Former World Bank chief economist Kaushik Basu recently tweeted two data sets ― the IMF’s projected GDP growth for 2020 and COVID-19 deaths per million ― for several comparable Asian countries.

They cast doubt on Modi’s repeated assertion that India has been highly successful in dealing with the pandemic by recording among the lowest death rates. And remember, the Prime Minister had infamously predicted in May that India would lead a global economic recovery.

The numbers show that India has the highest death rate in Asia and its projected GDP growth rate is the lowest. On both counts, India has performed abysmally.

Even a few years ago none could have imagined India’s economy being where it is. A part of this is caused by Covid, but only a part—see Table. Lessons: Don’t be in data denial. Mistakes happen—admit & take corrective action. Use the talent & expertise available in the country.........

© The Wire


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