Why India’s economic data has sparked a furore
India’s statistical system once commanded respect, and its data on economic and social indicators was considered rigorous – that appears to have erodedThere isn’t much that we Indians agree on these days. GDP numbers are no exception. Last week, India released glowing GDP numbers for the latest quarter – 7.8% growth – higher than the forecast 7%. It sparked a furore.Subhash Garg, a former finance secretary under Nar…
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