Indian Economy growth slowed under Modi: 5.9% vs 6.80%(under Dr Manmohan)
Last Updated: 09 Feb 2024
Real GDP Growth Rate[1]: SLOWER growth under Modi
Dr Manmohan(2004-2014) 6.80% > 5.9% Modi(2014-2024)
As per projected numbers below, Under Modi Govt
1 India will reach $5 trillion LATE by 2 years
2 Our Economy notionally lost $0.30 trillion
¶ Real Modi growth vs Projected Dr Manmohan Growth
| Govt | Under Modi | If under Dr Manmohan | Comparison |
|---|---|---|---|
| Economy (2014) | $1.9 trillion[2] | $1.9 trillion | - |
| Yearly growth | 5.9% | 6.8% | Down by 0.9% Under Modi Govt |
| Economy (2024) | $3.37 trillion[2:1] | $3.67 trillion | Down by $0.30 trillion Under Modi Govt |
| Project Time for Target: $5 trillion |
Another 7 Years(2031) | Another 5 years(2029) | Extra 2 years Under Modi Govt |
¶ Year wise UPA vs Modi Govt Comparison
Real GDP Growth Rate[1:1]:
Dr Manmohan(2004-2014) 6.80% > 5.9% Modi(2014-2024)
Fiscal Deficit(Lower the Better)[1:2]
Dr Manmohan(2004-2014) 4.7% < 5.1% Modi(2014-2024)
Nominal GDP growth[1:3]:
Dr Manmohan(2004-2014) 14.95% > 10.31% Modi(2014-2024)
References:
https://indianexpress.com/article/explained/explained-economics/what-the-white-paper-on-economy-says-and-doesnt-9151991/ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎
https://www.thehindu.com/business/Economy/india-to-become-third-largest-economy-with-gdp-of-5-trillion-in-three-years-finance-ministry/article67788662.ece#:~:text=The ministry said that in,is achievable%2C" it said. ↩︎ ↩︎
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