{"id":324796,"date":"2025-12-03T11:05:08","date_gmt":"2025-12-03T11:05:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/324796\/"},"modified":"2025-12-03T11:05:08","modified_gmt":"2025-12-03T11:05:08","slug":"gdp-growth-not-the-ground-reality","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/324796\/","title":{"rendered":"GDP Growth: Not The Ground Reality"},"content":{"rendered":"<p>\t\t\t\t\t\t\t\t\t<img decoding=\"async\" border=\"0\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/gdp11764734399.jpg\" align=\"absmiddle\" alt=\"GDP Growth: Not The Ground Reality\" \/><\/p>\n<p>Indian government recently said the GDP of the country has grown by 8.2% in the July-September quarter of the current financial year 2025-2026 compared to 5.6% in the same quarter of the previous fiscal year.<\/p>\n<p>This is a very good performance and understandably, the Prime Minister congratulated Indians for their hard work which made this possible.<\/p>\n<p>But the ground reality seems far different.<\/p>\n<p>If India had really grown at 8.2%, then Indians, especially the middle-class\u2019 purchasing power should have gone up. Instead, no one is having the surplus cash to buy a new car or invest in an apartment.<\/p>\n<p>Congress leader Jairam Ramesh says the government has taken inflation at only 0.5% which resulted in such high GDP numbers whereas crores of Indians are being burdened by a crushing rise in prices of daily essential items.<\/p>\n<p>One can\u2019t help feeling that he is true. Incomes are in no way rising in proportion to inflation.<\/p>\n<p>A 2bhk apartment in the IT corridor of Hyderabad which could be purchased for Rs 1 crore a few years back is now being quoted at Rs 1.5 crores. There are no buyers yet the prices continue to skyrocket backed by advertising blitzkrieg.<\/p>\n<p>Shaping of perception has become far more important than having the courage to face the facts and take corrective actions.<\/p>\n<p>As for the middle class Indian, he slogs on in the hopes of a 2bhk apartment with a hatchback and save enough to get his daughter married to an NRI and send his son to the US.<\/p>\n","protected":false},"excerpt":{"rendered":"Indian government recently said the GDP of the country has grown by 8.2% in the July-September quarter of&hellip;\n","protected":false},"author":2,"featured_media":324797,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164,17119,1209],"class_list":{"0":"post-324796","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-economy","12":"tag-gdp","13":"tag-india"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/324796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=324796"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/324796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/324797"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=324796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=324796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=324796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}