India’s economy stalled after 2010, the data just didn’t say so
- Devesh KapurArvind Subramanian
- TIMESOFINDIA.COMUpdated: Jan 15, 2026, 19:46 IST IST
India’s growth boom stalled around 2010 after the global financial crisis except in one—and only one—indicator: official GDP growth. Making sense of this period and of the divergent views requires confronting the measurement problem. The official numbers (see Figure 3.4) suggest virtually no stalling: until the COVID-19 pandemic, India’s official growth was about 6.6 per cent during the 2010s—only marginally lower than in the previous decade.