You must know this! INDIA ECONOMICS: Taking these factors into consideration, we have placed our FY12 GDP growth estimate at 7.2% and the initial estimate of FY13 at 6.9%.. says Motilal Oswal report http://bit.ly/vEozkg
Our MPI, FSI indicators are at par w/ Sub Saharan Africa and Delhi's MPI index compares only to VIetnam! Our HDI index is only one point above PAkistan as per 2010. So go figure , as to the health of our REAL economy.
A GDP growth rate of 12 percent implies we have 12 percent more revenue compared to last year. What happens in reality tho, is that money multiplication is generated 4 the sake of more money multiplication. GDP growth has value only if it translates to improving the HDI, MPI and FSI indices. It's scary as to how many EDUCATED Indians are oblivious to this fact!