After an 8% decline last year, I sure hope it bounces back this year... A more useful click-bait headline would be compounding 2020 and 2021, then seeing which country has the most growth.
“Low base effect in business and economics is the tendency of a small absolute change from a low initial amount to be translated into a large percentage change.“ [1]
Great to see India lead the way out of the economic disaster while donating vaccine to the poor around the world. India has sent home-grown vaccine to 47 countries so far.
The article itself is titled "World Economic Outlook Update" and mostly documents international economic recovery. I can't find specific analysis about India in the article.
However, the last graph at the bottom of the article shows GDP growth broken down by country, and India does seem to show the largest potential growth in 2021 from that graph.
Still, just wanted to note that the actual article title and the one shown on HN are different.
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[ 3.9 ms ] story [ 30.4 ms ] threadI'm not a big fan of single-number evaluations. Especially for such a huge country.
Then there's Godharts's Law : https://en.wikipedia.org/wiki/Goodhart%27s_law
“Low base effect in business and economics is the tendency of a small absolute change from a low initial amount to be translated into a large percentage change.“ [1]
[1]: https://en.wikipedia.org/wiki/Low_base_effect
https://www.ndtv.com/india-news/indias-covid-vaccine-rollout...
However, the last graph at the bottom of the article shows GDP growth broken down by country, and India does seem to show the largest potential growth in 2021 from that graph.
Still, just wanted to note that the actual article title and the one shown on HN are different.