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The Q1 Story

 Recently the results of the GDP growth for the period of Q1 FY23 (April to June, 2022) was released where we have witnessed an astonishing growth of 13.5% from the previous year. 


It is important to the previous 2 Q1 results 

April to June, 2021 was 20.8% growth which was the 2nd wave time and April to June, 2020 was -24% which was the total lockdown time. Why is this comparison required, is to understand the real numbers.


So a small illustration with a base of 100 in April to June, 2019 period to till date.


April to June, 2019 = 100

April to June, 2020 = 76(-24%)

April to June, 2021 = 91.58(+20.5%)

April to June, 2022 = 103.94(+13.5%)


So effectively if we compare the Q1 of April to June 2019 the prepandemic levels to this Q1 it is effectively 4%. 

It is imperative for us to achieve a higher growth since we have a greater potential to do so, it is always important to be optimistic but a layer of realism is needed. Because illusions are dangerous than ignorance. 


India's strength comes when it doesn't compare itself with other countries, especially with regard to the economy, if we compare our growth with the economies bigger than our size, as an Elephant walking 5 steps is different from a cat walking 5 steps.


Thank You

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