“This is massive! India records a GDP growth of 20.1% in Q1 of FY 2021-22,” BJP National Spokesperson Amit Malviya wrote on Twitter, soon after the results for the first quarter of the current financial year were declared on Tuesday. The saffron party has been trolled non-stop for gloating over the figure, especially by using a hyperbolic word like ‘massive’.
Several commentators pointed out that the BJP is wrong in giving the impression that the growth rate is too high. Considering that the base effect is the reason why it’s in the 20% zone, there is nothing to write home about.
The BJP spokesperson has been trolled for not understanding the numbers. Here is the sum and substance of the argument put forward by several commentators: GDP contracted by 23.9% in the first quarter of FY 20-21. The new figure suggests that we are still 3.9% behind the 2019 levels.