With a GDP of $3.1 trillion, India is the world's sixth-largest economy. India's GDP will likely grow by 8-8.5% in FY22, according to the 2021-22 Economic Survey. India’s GDP growth has remained steady, stable and resilient. has steadily increased from 4.4% in the 1970s and 80s to 5.5% during the 1990s and early 00s, and further to 7% in the late 2010s.
The country's large spatially diversified economy, which is not dependent on a few products, commodities, or natural resources, has further added strength to it. The Covid-19 pandemic resulted in the most severe recession in the country since 1979. From April to June 2020, the GDP growth crashed by 23.9% in the wake of the nationwide lockdown imposed by the government. India’s GDP shrank 7.3% in 2020-21.
To speak about the unique state of India's growth trajectory, we invited CFA, investor, and author, Harsh Madhusudan to speak about this topic. In this episode, he tackled topics such as inflation, the impact of VC funding on the Indian startup ecosystem, reference points for measuring growth and progress, and his upcoming book on the future of India.