What's up with Economy
The FY20Q1 GDP results came in recently. It shrank by 23.9%. A quarter marred with the pandemic and its higher order effects including lock-down brought one of the most vibrant economies to a halt. Many people dwell on various aspects of this number. The critics of the government have admonished it for being the poorest performer among G20 nations. Others gaped in horror thinking about the actual impact as the informal sector's impact is not accounted in the GDP. There are others who see the silver lining. GDP denotes the sum total of goods and services produced in the country. It is a figure which tells us what has happened in the past. Present and future are altogether different aspects. The PMI figures for August were 52 indicating expansion in manufacturing output compared to previous month. This indicates we are returning from the downhill ride. As the government allows more relaxation under new phases of pandemic response termed 'Unlock', one would expect the economy