Expressions, even technical ones, are often used loosely. The word “recession” has been used for India. What are the real GDP growth forecasts for 2019-20? The recent Union budget assumes 7 per cent. There are other projections, some from outside the government system. Those too are around 7 per cent, perhaps marginally below. Even if one assumes 6.5 per cent, that’s still growth. GDP hasn’t declined. There is no recession. Compared to growth in some countries, where there can indeed be recession, 6.5-7 per cent is no reason for gloom and doom either. There has been some tilting at windmills, questioning veracity of GDP numbers. A Rocinante horse is close to dead and need not be flogged again. Therefore, let’s be clear about the macro argument.