But economists and experts, who spoke to Forbes India, suggest otherwise.“We have a global slowdown staring at us. India can’t really buck the trend, it will have to face some of the slowdown,” says HSBC’s Chief India Economist Pranjul Bhandari. Rural demand seems to be recovering on the back of rising real wages, she adds.But, eventually, both the formal and informal sectors will have to slow down. Real GDP growth is calculated using nominal GDP growth minus broad inflation. Hence, with any given nominal GDP growth rate, the real GDP growth will be higher.”Also, real GDP—and growth—increases when the Current Account Deficit (CAD) is lower.

Source: Forbes April 25, 2023 19:43 UTC