What is the future of Indian Economy in 2018?

What is the future of Indian Economy in 2018?

Narendra Modi government demonetized the currency notes of denominations of 500 and 1,000 in November 2016, and last year introduced the GST. Both these measure were bound to cause some effect on Indian economy. The GDP of India slowed down, and even saw a fall in 2017 which became a serious cause of concern for the government as those historical but unprecedented steps were not paying off as expected by it.

Image source: Financial Express/Reuters

However, Anirudh Kumar Mishra made a prediction on 6 January 2018 that GDP of India will not fall in 2018, and that GST willl not have much effect on the Indian economy.

GDP of India will not fall in 2018. There wont be much affect of GST on economy this year. @PChidambaram_IN pic.twitter.com/sRfe48mH6B

— Anirudh Kumar Mishra (@Anirudh_Astro) January 7, 2018

4 days after this prediction, despite setback received from demonetization and GST, it projected the growth rate of Indian economy to 7.3 in 2018 and 7.5 in next 2 years. This article can be read here. The astrologer discussed this report and P Chidambaram’s views on it in a brief tweet.

Today #WorldBank also predicted no effect of GST, why @PChidambaram_IN is demoralizing India? https://t.co/J9oSZ8bPmr

— Anirudh Kumar Mishra (@Anirudh_Astro) January 10, 2018

In the Economic Survey 2018 tabled in parliament on 29 January 2018, similar growth rate was projected confirming validity of the prediction. The astrologer acknowledged this tweet too.


— Anirudh Kumar Mishra (@Anirudh_Astro) January 29, 2018

Another pleasant observation for the Indian Economy in 2018 came on 1 March 2018 when reports stated that India had reclaimed the tag of ‘fastest growing economy’ from China.
According to the Central Statistical Office, Indian economy gained its lost track and it reported a GDP growth of 7.2% in Q3 FY18, which happens to be the fastest in last five quarters. There has no negative remark for the GDP since the concerned prediction was made by Anirudh Mishra, and he seemed quite ecstatic upon listening to the news of Indian economy regaining the tag of fastest growing economy and he retweeted four of his older tweets wherein he had made different predictions on several aspects of Indian economy.

— Anirudh Kumar Mishra (@Anirudh_Astro) March 1, 2018


— Anirudh Kumar Mishra (@Anirudh_Astro) March 1, 2018


— Anirudh Kumar Mishra (@Anirudh_Astro) March 1, 2018


— Anirudh Kumar Mishra (@Anirudh_Astro) March 1, 2018

The rise in GDP also implies a healthy economy, and as such any recession would itself be ruled out in a developing economy, thus bringing to reality the prediction wherein the astrologer ruled out any recession in Indian economy. Furthermore, the reports of World Bank and other agencies also adhere to the prediction that the Indian Economy has gained momentum after November 2017.

Although this prediction covers entire year 2018, till now, no negative news has come pertaining to Indian economy and the truth behind this prediction, therefore, can be better judged after passage of this year.

EDIT (16.03.2018):

The ‘Voice of Asia’ report of Deloitte predicts faster than expected growth for Indian economy in 2018. Read the news here.