India’s June Quarter GDP Print Is Courting Controversy. Here’s Why
Subhash Garg says the official growth rate was inflated by revised GDP calculations, while the State Bank of India defended the 7.8% figure.
8 Articles
8 Articles
Confused by India's GDP debate? Your guide to deflators, GVA and all that jargon
Subhash Chandra Garg questioned whether 7.8% tells the full story. The government pushed back, economists weighed in and the GDP jargon went into overdrive. In this article, we explain what it all actually means.
The government's figures showing India's GDP growth of 7.8% in the April-June quarter have sparked a huge debate. However, the opposition has come forward alleging that the actual growth was only 2.6% and that the figures have been manipulated.| india q1 gdp growth data controversy congress subhash chandra garg
India GDP Growth Rate: A major controversy has erupted between the former Finance Secretary's claims regarding the country's GDP growth and the government's response. Learn the full math and ground reality behind the economic data.
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