Post-pandemic surprises and where the Indian economy truly stands today

To avoid getting caught up in possible group-think, we need to question the assumptions. Remember that there have been only two five-year periods when India has recorded rapid growth, writes T N Ninan

Which large economy has performed best during the pandemic, the subsequent recovery, and the period beyond — i.e. starting from 2020, stretching to this year (2022), and incorporating the outlook for 2023? That interesting question finds somewhat surprising answers in the data presented by the International Monetary Fund (IMF), in the latest quarterly update of its World Economic Outlook. The outstanding performer, in terms of economic growth after the pandemic hit, is a surprise — the country now known as Turkiye. Surprise because Turkiye usually hits the headlines for its plunging currency and a zany monetary policy. But it turns