{"id":656855,"date":"2026-05-21T17:44:10","date_gmt":"2026-05-21T17:44:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/656855\/"},"modified":"2026-05-21T17:44:10","modified_gmt":"2026-05-21T17:44:10","slug":"we-are-not-the-fastest-growing-economy-its-factually-incorrect-surjit-bhalla","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/656855\/","title":{"rendered":"We are not the fastest growing economy, it&#8217;s factually incorrect: Surjit Bhalla"},"content":{"rendered":"<p>In an exclusive interview with India Today TV, prominent economist and former IMF executive director Surjit Bhalla discussed India&#8217;s economic performance and the decline in foreign direct investment since 2015. Bhalla attributed the drop in FDI to the revised Bilateral Investment Treaty, which introduced mandatory local remedies and a five-year cooling-off period for foreign investors. He emphasized the need to revert to pre-2015 FDI frameworks and lower taxation for foreign investors to boost economic growth. Addressing the government&#8217;s economic narrative, Bhalla stated, &#8220;First of all, the fastest growing economy, I mean, it&#8217;s just factually incorrect. It doesn&#8217;t help either the government or anybody else that we continue to say we&#8217;re the fastest\u00a0growing economy when we are not.&#8221;\u00a0He also pointed out that India&#8217;s market size is often overestimated, noting, &#8220;The size of our GDP is less than that of California.&#8221; Furthermore, Bhalla suggested that the ruling BJP&#8217;s consistent electoral success might have &#8220;lulled them into a comfort zone,&#8221; reducing their incentive to implement politically costly but necessary economic reforms, such as land acquisition changes and a trade deal with the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"In an exclusive interview with India Today TV, prominent economist and former IMF executive director Surjit Bhalla discussed&hellip;\n","protected":false},"author":2,"featured_media":656856,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[103917,283113,283114,28,283127,283116,283128,50662,283123,23399,101,283120,283125,283129,283121,33317,50663,73109,23396,175178,75350,44452,283122,283115,99094,283117,283124,188106,89180,252043,283119,283112,283118,212707,283126],"class_list":["post-656855","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bangladesh-economy","tag-bilateral-investment-treaty","tag-bjp-government","tag-business","tag-california-gdp","tag-currency-resilience","tag-domestic-investor","tag-ease-of-doing-business","tag-economic-advisory-council","tag-economic-reforms","tag-economy","tag-electoral-dominance","tag-ethiopia-economy","tag-export-bans","tag-farm-laws","tag-foreign-direct-investment","tag-foreign-investors","tag-gdp-growth-rate","tag-indian-economy","tag-indian-rupee","tag-infrastructure-investment","tag-international-monetary-fund","tag-land-reform","tag-macroeconomic-paradox","tag-mexico-market","tag-model-bit-ruling","tag-per-capita-gdp","tag-political-stability","tag-private-investment","tag-public-investment","tag-retrospective-taxation","tag-surjit-bhalla","tag-taxation-levels","tag-us-trade-deal","tag-vietnam-market"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/656855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=656855"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/656855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/656856"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=656855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=656855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=656855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}