Opposition parties and some experts have questioned the government's latest GDP data. Mint examines the allegations and whether there is any merit to the concerns.
A methodological shift and routine revisions to India's GDP data have caused confusion over official statistics and critics' claims, even as headline growth struggles to lift living standards.
Mr. Mishra’s statement on X came amid a political row over the growth figures released by the government, which were contested by former Finance Secretary, S. C. Garg.
The Congress party cited criticism by former finance secretary Subhash Chandra Garg on GDP numbers to attack the government, saying it must understand that ‘PR can polish the picture’ of GDP but not the economy itself.
In July 2019, Garg took voluntary retirement from service, a day after he was moved to the Power Ministry in a broader reshuffle just three weeks after the presentation of the Union Budget. Garg's scheduled retirement was in October 2020.
The government issues a detailed clarification in a question-and-answer format, refuting allegations of artificially pushing up the real growth rate for the June quarter to 7.8% and the nominal expansion rate to 10.3%.
Soumya Kanti Ghosh spoke to NDTV on the GDP growth data.
India recorded 7.8% GDP growth in Q1 FY27, but former finance secretary Subhash Chandra Garg questioned whether the figure reflects the exact reality.
Commerce Minister Piyush Goyal defended the 7.8 per cent quarterly GDP growth number.
India's economy grew at a faster-than-expected rate, showing resilience against concerns of an economic downturn over the US-Iran war, the latest numbers show.
‘They Cannot Digest 7.8% Growth’: Piyush Goyal Slams GDP Critics, Defends Modi Govt Data
Prime Minister Narendra Modi termed the 7.8% GDP growth a "herculean feat"
The RBI revised its FY27 GDP growth forecast to 6.7%. PM Modi emphasized India's 7.8% real GDP growth in Q1 FY27, urging for local consumption and to avoid non-essential spending, noting the importance of conserving foreign exchange for continued growth.
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‘Why were last year’s GDP figures revised down?’ Congress cites ex-finance secretary Subhash Garg Telegraph India 'Ministers don't manufacture data': Goyal hits out at critics for questioning GDP figures The Times of India 7.8% GDP growth: PM Modi’s message on spending, ‘Swadeshi’ and self-reliance explained The News Minute If GDP is robust, then...
Congress questions methodology behind the latest GDP figures, with Jairam Ramesh alleging that 'statistical gymnastics’ concealed the underlying weakness of the economy
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India's resilient economy defies foreign scepticism, with Q1 GDP growth outpacing expectations at 7.8%, driven by strong investment and fiscal improvements. Despite geopolitical tensions and oil price concerns, India's growth fundamentals show promise.
