New Delhi, March 1 -- Gross domestic product (GDP) growth for October to December came in at 4.4%, falling from 6.3% during July to September. Why did GDP growth slow down in this period? It's to do with what economists call a K-shaped recovery. Mint explains, with evidence:

What's the reason for the slowdown?

GDP is the sum of private consumption expenditure, government expenditure, investment and net exports (exports minus imports). In India, private consumption is typically 55-60% of the GDP. During October-December it was 61.6%. Also, it grew by just 2.1% in comparison to October-December 2021. The slowdown in consumption growth seems to be because of the K-shaped economic recovery finally catching up with overall consumption. In a ...