India to have highest GDP growth in 2021

Posted by godelmachine on Sunday March 07, 2021 @09:58AM
from the imf.org dept.

https://www.imf.org/en/Publications/WEO/Issues/2021/01/26/2021-world-economic-outlook-update

( 7 comments | 11 points | on HN )

Re:India to have highest GDP growth in 2021 by z2 on Sunday March 07, 2021 @10:36AM (#26376635)

After an 8% decline last year, I sure hope it bounces back this year... A more useful click-bait headline would be compounding 2020 and 2021, then seeing which country has the most growth.

[ Parent | on HN ]

Re:India to have highest GDP growth in 2021 by hiyer on Monday March 08, 2021 @03:33AM (#26383435)

That would be China I suppose. It's the only major economy that didn't contract this year (grew by 2.3%).

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Re:India to have highest GDP growth in 2021 by wtmt on Sunday March 07, 2021 @11:53AM (#26377424)

Seems like this may be relevant in this context:

“Low base effect in business and economics is the tendency of a small absolute change from a low initial amount to be translated into a large percentage change.“ [1]

[1]: https://en.wikipedia.org/wiki/Low_base_effect

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Re:India to have highest GDP growth in 2021 by kleer001 on Sunday March 07, 2021 @10:47AM (#26376751)

https://www.worldfinance.com/strategy/why-gdp-is-no-longer-t...

I'm not a big fan of single-number evaluations. Especially for such a huge country.

Then there's Godharts's Law : https://en.wikipedia.org/wiki/Goodhart%27s_law

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Re:India to have highest GDP growth in 2021 by samspenc on Sunday March 07, 2021 @03:12PM (#26379336)

The article itself is titled "World Economic Outlook Update" and mostly documents international economic recovery. I can't find specific analysis about India in the article.

However, the last graph at the bottom of the article shows GDP growth broken down by country, and India does seem to show the largest potential growth in 2021 from that graph.

Still, just wanted to note that the actual article title and the one shown on HN are different.

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Re:India to have highest GDP growth in 2021 by amriksohata on Sunday March 07, 2021 @03:42PM (#26379570)

India is probably the most important trading nation of this century.

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Re:India to have highest GDP growth in 2021 by pfiwxruxta on Sunday March 07, 2021 @12:41PM (#26377864)

Great to see India lead the way out of the economic disaster while donating vaccine to the poor around the world. India has sent home-grown vaccine to 47 countries so far.

https://www.ndtv.com/india-news/indias-covid-vaccine-rollout...

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