Punts by economists about growth scenarios point to the issue of data credibility Over the last few weeks, analysts of various hues were having a field day with their growth projections for the Indian economy.
While earlier the consensus was little or no growth for a covid-19-devastated Indian economy in 2020-21, now the majority favours a massive contraction.
While the popular claim is 5%, there are some who argue the contraction could be as bad as 10%. All these projections are presumably based on some modelling exercise and probably have an underlying science to them, but the big question is whether they are reliable.