๐๐ป๐ฑ๐ถ๐ฎ ๐๐ฒ๐ณ๐ฒ๐ป๐ฑ๐ ๐๐๐ฃ ๐๐ฎ๐๐ฎ ๐๐ฟ๐ฒ๐ฑ๐ถ๐ฏ๐ถ๐น๐ถ๐๐
Chief Economic Adviser V Anantha Nageswaran addressed concerns regarding India's GDP statistics. He stated that the country follows international statistical practices.
Key points from the statement:
- India does not change methodology to increase growth figures.
- GDP measurement remains an estimate in every country.
- Recent base year revisions resulted in lower numbers rather than higher ones.
- The government focuses on reliable data instead of specific narratives.
- International organizations like the IMF questioned methodology rather than data reliability.
- Improvements to statistical methods are currently in progress.
- GDP figures showed a 25 per cent decline during the first quarter of the Covid-19 pandemic.