SBI’s Soumya Kanti Ghosh on GDP & inflation

The Central Statistical Organisation (CSO) expects the pace of GDP growth to slow to 5 percent in the current fiscal year and the nominal growth will be 7.6 percent. So on March 31, 2020 India is going to be Rs 204 trillion economy and not Rs 211 trillion economy – that makes the math of fisc and several other things a little different. Soumya Kanti Ghosh, group chief economic advisor at State Bank of India shared his views and readings on the number.