IS INDIA FAKING ECONOMIC RECOVERY?

After seeing the title “Is China faking economic recovery” in DNA Money, I am tempted to ask whether India is also doing the same since India is also going through similar economic situation. People believe the economy is doing well. But, the actual sector-wise growth rates indicate otherwise. Some rise in the stock market indices should not be taken as any reliable indicators of the health of the economy. When everyone experiences the steep rise in vegetables and other commodities how the government can declare that the inflation is turning negative?

I somehow liked some lines from the Report of Directors, ITC, Limited which is reproduced here, i. e., “With a fairly young population, skilled man power, rising savings and investment rates, a vibrant service sector, a potentially large source of domestic demand and emergence of globally competitive firms, India has multiple growth drivers which hold out promise of stable and sustained growth”. Yes! Best of luck, India.