3 Things

GDP's advance estimates, breaching 1.5C warming limit, and terrace tourism

8 snips
Jan 13, 2025
In this discussion, Udit Misra, an economic journalist from The Indian Express, highlights alarming signs in India's GDP projections, stressing the gap between potential and actual growth. Amitabh Sinha, a climate change reporter, emphasizes the grave implications of breaching the 1.5-degree Celsius warming limit by 2024, urging robust climate preparedness. The conversation also touches on the cultural phenomenon of terrace tourism in Old Ahmedabad, where locals are capitalizing on the upcoming kite festival for both tradition and economic gain.
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INSIGHT

GDP Advance Estimates

  • India's GDP growth is decelerating, impacting budget calculations.
  • The first advance estimates, based on existing data and past trends, serve as a crucial marker.
INSIGHT

Real vs. Nominal GDP

  • Real GDP measures actual economic output, removing price effects (inflation).
  • Nominal GDP reflects current market prices but doesn't show true production growth.
INSIGHT

Low Real GDP Growth

  • India's real GDP growth is below its potential, hindering job creation and prosperity.
  • A lower growth rate over several years reveals a concerning economic reality.
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