View: Why India’s illusory V-shaped rebound shouldn’t prompt premature fiscal conservatism
India’s real GDP growth -- projected by the NSO at 9.2% during 2021-22, and consensus expectation of 7.6% in 2022-23 -- is seen to represent a V-shaped rebound from the deep 7.3% contraction in 2020-21. Many also believe, as has been…